Core Natural Resources (NYSE:CNR) Trading 11.4% Higher - What's Next?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) shares shot up 11.4% on Tuesday . The stock traded as high as $72.99 and last traded at $72.32. 287,388 shares changed hands during trading, a decline of 74% from the average session volume of 1,090,749 shares. The stock had previously closed at $64.91.

Analysts Set New Price Targets

CNR has been the topic of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating and set a $112.00 target price on shares of Core Natural Resources in a research report on Tuesday, February 25th. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and reduced their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. B. Riley cut their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday. Finally, StockNews.com began coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a "hold" rating for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and an average target price of $140.20.

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Core Natural Resources Stock Up 8.9 %

The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 7.67 and a beta of 1.42. The business has a fifty day moving average price of $76.13 and a two-hundred day moving average price of $122.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, equities analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. Core Natural Resources's dividend payout ratio is 4.16%.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. The trade was a 39.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.41% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System grew its stake in shares of Core Natural Resources by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock worth $1,243,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Fortitude Family Office LLC grew its position in Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after purchasing an additional 104 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after purchasing an additional 143 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

About Core Natural Resources

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.