Core Natural Resources (NYSE:CNR) Stock Price Down 3.1% - Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s share price fell 3.1% on Wednesday . The stock traded as low as $71.38 and last traded at $73.00. 99,293 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,098,363 shares. The stock had previously closed at $75.37.

Wall Street Analysts Forecast Growth

CNR has been the topic of a number of research analyst reports. B. Riley reduced their target price on Core Natural Resources from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Piper Sandler raised shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark reiterated a "buy" rating and set a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.17.

Remove Ads

Core Natural Resources Stock Up 0.0 %

The business's fifty day moving average is $97.36 and its two-hundred day moving average is $129.18. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 7.62 and a beta of 1.65. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Equities analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, March 3rd. Core Natural Resources's dividend payout ratio is currently 4.16%.

Hedge Funds Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently made changes to their positions in CNR. Louisiana State Employees Retirement System raised its holdings in 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 valued at $1,243,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Core Natural Resources by 63.8% during 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 lifted its position 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 last quarter. Finally, Jones Financial Companies Lllp grew its stake 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 worth $35,000 after purchasing an additional 170 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.