Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Core Natural Resources, Inc. (NYSE:CNR) has been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $111.3750.

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Benchmark restated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Finally, Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th.

Core Natural Resources Trading Up 1.4%

Shares of CNR stock opened at $91.31 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 1.60. The stock has a fifty day simple moving average of $91.44 and a two-hundred day simple moving average of $84.05. The firm has a market capitalization of $4.68 billion, a PE ratio of -30.33 and a beta of 0.34. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $103.50.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $996.54 million. During the same period last year, the firm posted $1.04 EPS. Core Natural Resources’s quarterly revenue was up 81.8% compared to the same quarter last year. On average, analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.10 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Core Natural Resources by 27.7% in the second quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after purchasing an additional 111,331 shares during the period. Magnolia Group LLC lifted its position in shares of Core Natural Resources by 2.4% during the 3rd quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after acquiring an additional 17,500 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Core Natural Resources by 711.1% during the 2nd quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after acquiring an additional 25,087 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Core Natural Resources in the 3rd quarter worth approximately $4,369,000. Finally, Geode Capital Management LLC grew its holdings in shares of Core Natural Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock worth $86,318,000 after acquiring an additional 20,541 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.