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

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $113.75.

CNR has been the topic of several recent analyst reports. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. UBS Group upped their price target on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th.

Insiders Place Their Bets

In other Core Natural Resources news, Director Richard A. Navarre sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total value of $550,200.00. Following the transaction, the director directly owned 18,034 shares of the company’s stock, valued at $1,653,717.80. This represents a 24.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James A. Brock sold 40,760 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total value of $4,122,874.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $10,115,000. The trade was a 28.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,560 shares of company stock valued at $5,118,890 in the last three months. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CNR. Adage Capital Partners GP L.L.C. acquired a new position in Core Natural Resources in the 4th quarter worth about $86,297,000. State Street Corp increased its position in Core Natural Resources by 10.2% in the 2nd 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 last quarter. Balyasny Asset Management L.P. increased its position in Core Natural Resources by 10,023.9% in the 2nd 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 during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Core Natural Resources in the 4th quarter worth about $22,741,000. Finally, Thomist Capital Management LP acquired a new position in Core Natural Resources in the 4th quarter worth about $20,739,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Down 0.3%

NYSE:CNR opened at $103.97 on Tuesday. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -34.54 and a beta of 0.25. Core Natural Resources has a 1-year low of $59.35 and a 1-year high of $114.80. 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 business’s fifty day moving average price is $95.54 and its 200 day moving average price is $89.89.

Core Natural Resources (NYSE:CNR) last posted its quarterly 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 analyst estimates 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 firm’s quarterly revenue was up 81.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. On average, sell-side analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

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

About Core Natural Resources

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.