Core Natural Resources (NYSE:CNR) Upgraded at Zacks Research

Zacks Research upgraded shares of Core Natural Resources (NYSE:CNR) from a strong sell rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Other analysts have also recently issued reports about the stock. UBS Group increased their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Finally, Benchmark restated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.38.

Core Natural Resources Trading Up 6.0%

Shares of NYSE CNR opened at $92.32 on Wednesday. The stock’s 50 day moving average price is $90.35 and its two-hundred day moving average price is $83.51. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $103.50. The stock has a market capitalization of $4.73 billion, a P/E ratio of -214.69 and a beta of 0.34. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, topping the consensus estimate of ($1.40) by $2.01. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The company’s revenue was up 74.4% on a year-over-year basis. On average, analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Institutional Trading of Core Natural Resources

Several large investors have recently added to or reduced their stakes in CNR. CWM LLC raised its stake in shares of Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Core Natural Resources by 1.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock worth $968,000 after acquiring an additional 121 shares during the period. AlphaQuest LLC boosted its holdings in shares of Core Natural Resources by 4.2% in the third quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock valued at $258,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Core Natural Resources by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock valued at $118,000 after acquiring an additional 128 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Core Natural Resources by 6.5% during the third quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock worth $198,000 after purchasing an additional 144 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.