Core Natural Resources (NYSE:CNR) Stock Price Up 4.8% - Still a Buy?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price shot up 4.8% on Monday . The company traded as high as $71.08 and last traded at $70.57. 339,285 shares traded hands during trading, a decline of 70% from the average session volume of 1,130,151 shares. The stock had previously closed at $67.32.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CNR. StockNews.com assumed coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a "hold" rating for the company. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reaffirmed a "buy" rating and set a $112.00 target price on shares of Core Natural Resources in a report on Tuesday, February 25th. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and reduced their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, B. Riley dropped their price target on Core Natural Resources from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Core Natural Resources currently has a consensus rating of "Moderate Buy" and an average price target of $147.17.

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Core Natural Resources Stock Up 2.0 %

The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.00 billion, a P/E ratio of 7.70 and a beta of 1.65. The company has a 50-day simple moving average of $105.29 and a two-hundred day simple moving average of $131.58.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results 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. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $595.29 million for the quarter, compared to analysts' expectations of $493.50 million. On average, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 worth $31,000 after buying an additional 100 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Core Natural Resources in the 4th quarter worth about $26,000. Jones Financial Companies Lllp lifted its position in Core Natural Resources by 226.7% during the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after acquiring an additional 170 shares during the period. Finally, Fortitude Family Office LLC boosted its stake in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors 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.