Core Natural Resources (NYSE:CNR) Stock Rating Lowered by Wall Street Zen

Core Natural Resources (NYSE:CNR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

CNR has been the topic of several other reports. Benchmark restated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.38.

Core Natural Resources Stock Down 2.3%

CNR opened at $87.94 on Friday. The stock’s fifty day moving average is $91.93 and its 200-day moving average is $84.42. Core Natural Resources has a one year low of $58.19 and a one year high of $103.50. The company has a market capitalization of $4.48 billion, a PE ratio of -29.21 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 1.60.

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

Institutional Trading of Core Natural Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Core Natural Resources in the 4th quarter valued at approximately $86,297,000. State Street Corp raised its holdings in Core Natural Resources by 10.2% in the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after purchasing an additional 294,312 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Core Natural Resources by 10,023.9% during the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after purchasing an additional 292,799 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Core Natural Resources during the fourth quarter worth $22,741,000. Finally, Thomist Capital Management LP acquired a new position in shares of Core Natural Resources in the 4th quarter valued at $20,739,000. Institutional investors and hedge funds 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.