Core Natural Resources (NYSE:CNR) Earns “Buy” Rating from UBS Group

Core Natural Resources (NYSE:CNR)‘s stock had its “buy” rating reiterated by equities research analysts at UBS Group in a report released on Friday, MarketBeat reports. They presently have a $86.00 target price on the energy company’s stock, up from their prior target price of $78.00. UBS Group’s target price points to a potential upside of 15.79% from the stock’s current price.

Several other equities analysts have also issued reports on CNR. B. Riley decreased their target price on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Finally, Benchmark cut their target price on Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Core Natural Resources currently has an average rating of “Moderate Buy” and an average target price of $105.80.

Core Natural Resources Stock Performance

Shares of NYSE:CNR traded down $1.91 on Friday, reaching $74.27. 197,280 shares of the company’s stock were exchanged, compared to its average volume of 973,231. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $72.66 and its two-hundred day moving average is $77.33. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 34.07 and a beta of 0.66.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, equities research analysts forecast that Core Natural Resources will post 11.4 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CNR. SummerHaven Investment Management LLC boosted its holdings in shares of Core Natural Resources by 2.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company’s stock worth $554,000 after buying an additional 190 shares during the period. Resonant Capital Advisors LLC grew its position in shares of Core Natural Resources by 6.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 3,401 shares of the energy company’s stock worth $237,000 after buying an additional 207 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Core Natural Resources by 4.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,597 shares of the energy company’s stock valued at $321,000 after buying an additional 214 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Core Natural Resources by 14.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,223 shares of the energy company’s stock valued at $155,000 after purchasing an additional 289 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Core Natural Resources by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 8,116 shares of the energy company’s stock valued at $566,000 after purchasing an additional 309 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.