Brokerages Set Core Natural Resources, Inc. (NYSE:CNR) PT at $120.80

Core Natural Resources, Inc. (NYSE:CNR) has been assigned a consensus rating of “Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $120.80.

Several research analysts have weighed in on CNR shares. UBS Group began coverage on Core Natural Resources in a research report on Wednesday. They set a “buy” rating and a $80.00 price target on the stock. Benchmark decreased their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, B. Riley dropped 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 research report on Friday, April 11th.

Insiders Place Their Bets

In other news, Director Holly K. Koeppel sold 8,815 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at approximately $1,005,104.40. This represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Core Natural Resources in the 1st quarter valued at approximately $482,793,000. Dimensional Fund Advisors LP bought a new position in Core Natural Resources in the first quarter valued at approximately $225,045,000. American Century Companies Inc. bought a new position in Core Natural Resources in the first quarter valued at approximately $123,526,000. Charles Schwab Investment Management Inc. acquired a new position in Core Natural Resources during the first quarter valued at approximately $48,630,000. Finally, Victory Capital Management Inc. bought a new stake in Core Natural Resources during the first quarter worth $42,950,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Up 3.5%

Shares of Core Natural Resources stock opened at $73.60 on Wednesday. The firm has a market cap of $3.88 billion, a PE ratio of 7.66 and a beta of 0.69. The business’s 50 day simple moving average is $71.52 and its 200 day simple moving average is $98.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $134.59.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($3.12). Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. On average, analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources’s dividend payout ratio is 8.26%.

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.