LPL Financial LLC Acquires New Shares in Core Natural Resources, Inc. $CNR

LPL Financial LLC acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,135 shares of the energy company’s stock, valued at approximately $1,475,000.

Several other large investors have also bought and sold shares of CNR. Principal Financial Group Inc. acquired a new stake in shares of Core Natural Resources during the first quarter valued at about $20,894,000. Amalgamated Bank acquired a new position in shares of Core Natural Resources in the first quarter worth approximately $1,120,000. Yousif Capital Management LLC acquired a new position in shares of Core Natural Resources in the first quarter worth approximately $1,419,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Core Natural Resources in the first quarter worth approximately $11,600,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Core Natural Resources in the first quarter worth approximately $2,167,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Trading Up 3.5%

Shares of CNR stock opened at $72.22 on Friday. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. The business has a 50-day moving average of $73.46 and a 200 day moving average of $73.82. The stock has a market capitalization of $3.72 billion, a PE ratio of 33.13 and a beta of 0.66.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.04 billion. As a group, sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CNR shares. Benchmark decreased their price objective on Core Natural Resources from $112.00 to $105.00 and set a “buy” rating for the company in a report on Friday, May 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. UBS Group reiterated a “buy” rating and set a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, B. Riley decreased their target price on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.80.

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.