Core Natural Resources (NYSE:CNR) Trading 7.3% Higher Following Analyst Upgrade

Core Natural Resources, Inc. (NYSE:CNR) traded up 7.3% during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $109.00 to $115.00. UBS Group currently has a buy rating on the stock. Core Natural Resources traded as high as $110.00 and last traded at $110.7230. 165,542 shares changed hands during trading, a decline of 82% from the average session volume of 896,033 shares. The stock had previously closed at $103.15.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $113.75.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total value of $348,156.00. Following the sale, the chief accounting officer directly owned 6,190 shares of the company’s stock, valued at $567,127.80. This trade represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard A. Navarre sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director owned 18,034 shares in the company, valued at $1,653,717.80. This trade represents a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,560 shares of company stock valued at $5,118,890 over the last quarter. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Core Natural Resources by 27.7% during the 2nd 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. Y Intercept Hong Kong Ltd purchased a new position in shares of Core Natural Resources during the third quarter valued at $4,369,000. Magnolia Group LLC raised its position in Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after buying an additional 17,500 shares during the period. Osaic Holdings Inc. raised its position in Core Natural Resources by 711.1% during the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock valued at $1,996,000 after buying an additional 25,087 shares during the period. Finally, Villanova Investment Management Co LLC lifted its stake in Core Natural Resources by 165.8% in the 2nd quarter. Villanova Investment Management Co LLC now owns 21,960 shares of the energy company’s stock worth $1,531,000 after acquiring an additional 13,698 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Price Performance

The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of -36.43 and a beta of 0.34. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $94.00 and a 200 day simple moving average of $87.85.

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

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s payout ratio is presently -13.29%.

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.