Core Natural Resources (NYSE:CNR) Trading Down 5.4% - Time to Sell?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) shares dropped 5.4% on Friday . The company traded as low as $80.00 and last traded at $80.54. Approximately 303,978 shares traded hands during trading, a decline of 71% from the average daily volume of 1,054,820 shares. The stock had previously closed at $85.16.

Wall Street Analysts Forecast Growth

CNR has been the subject of several recent research reports. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group upgraded shares of Core Natural Resources from a "hold" rating to a "buy" rating and reduced their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a "hold" rating for the company. Finally, Benchmark boosted their price target on Core Natural Resources from $105.00 to $140.00 and gave the company a "buy" rating in a report on Monday, November 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.83.

Core Natural Resources Price Performance

The company has a market cap of $2.32 billion, a PE ratio of 5.78 and a beta of 1.74. The stock has a 50-day simple moving average of $130.73 and a 200 day simple moving average of $138.45. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Institutional Trading of Core Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in Core Natural Resources during the 4th quarter worth approximately $241,000. Public Employees Retirement Association of Colorado acquired a new position in Core Natural Resources in the fourth quarter valued at $345,000. Price T Rowe Associates Inc. MD purchased a new position in Core Natural Resources during the fourth quarter worth approximately $28,790,000. Marshall Wace LLP purchased a new stake in Core Natural Resources during the fourth quarter valued at about $884,000. Finally, Advisory Services Network LLC purchased a new position in Core Natural Resources in the fourth quarter valued at approximately $756,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Company Profile

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.