B. Riley Cuts Earnings Estimates for Core Natural Resources

Core Natural Resources, Inc. (NYSE:CNR) – Equities research analysts at B. Riley lowered their FY2026 EPS estimates for Core Natural Resources in a report issued on Tuesday, October 7th. B. Riley analyst N. Giles now forecasts that the energy company will post earnings of $10.76 per share for the year, down from their previous forecast of $11.44. B. Riley has a “Buy” rating and a $110.00 price objective on the stock. The consensus estimate for Core Natural Resources’ current full-year earnings is $11.40 per share.

Several other analysts also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Core Natural Resources in a research note on Wednesday. UBS Group boosted their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.70.

Core Natural Resources Stock Performance

Core Natural Resources stock opened at $97.90 on Wednesday. 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 company has a market capitalization of $5.04 billion, a PE ratio of 44.91 and a beta of 0.70. The firm has a fifty day simple moving average of $76.83 and a two-hundred day simple moving average of $73.90. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.

Hedge Funds Weigh In On Core Natural Resources

A number of institutional investors have recently bought and sold shares of the stock. Sheets Smith Investment Management bought a new position in Core Natural Resources in the third quarter worth about $208,000. GAMMA Investing LLC grew its holdings in Core Natural Resources by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock worth $118,000 after purchasing an additional 128 shares during the period. Osaic Holdings Inc. grew its holdings in Core Natural Resources by 711.1% in the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after purchasing an additional 25,087 shares during the period. State of Wyoming grew its holdings in Core Natural Resources by 75.6% in the second quarter. State of Wyoming now owns 4,807 shares of the energy company’s stock worth $335,000 after purchasing an additional 2,069 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in Core Natural Resources by 13.5% in the second quarter. Hudson Bay Capital Management LP now owns 35,046 shares of the energy company’s stock worth $2,444,000 after purchasing an additional 4,166 shares during the period. 86.54% of the stock is owned by institutional investors.

Insider Transactions at Core Natural Resources

In related news, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $82.20, for a total value of $411,000.00. Following the completion of the transaction, the director directly owned 21,830 shares of the company’s stock, valued at $1,794,426. This represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the completion of the transaction, the director directly owned 23,348 shares of the company’s stock, valued at approximately $1,799,430.36. The trade was a 11.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.

Core Natural Resources Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a $0.10 dividend. This represents a yield of 56.0%. The ex-dividend date of this dividend was Friday, August 29th. Core Natural Resources’s dividend payout ratio is presently 18.35%.

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.