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 research report report published on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. UBS Group boosted their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen cut shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Core Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Core Natural Resources Trading Up 0.8%

Shares of NYSE CNR opened at $89.36 on Monday. The company’s fifty day moving average is $94.91 and its 200-day moving average is $90.47. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of -29.69 and a beta of 0.25. Core Natural Resources has a twelve month low of $63.36 and a twelve month high of $114.80. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. Equities research analysts predict that Core Natural Resources will post 2.1 EPS for the current year.

Core Natural Resources Dividend Announcement

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

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the transaction, the chief accounting officer owned 6,190 shares in the company, valued at $567,127.80. This represents a 38.04% 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 that occurred on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $10,115,000. This trade represents a 28.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,560 shares of company stock worth $5,118,890 in the last quarter. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNR. Triumph Capital Management bought a new position in shares of Core Natural Resources during the third quarter valued at $25,000. AdvisorNet Financial Inc increased its position in shares of Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after buying an additional 284 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after buying an additional 191 shares during the period. CWM LLC increased its position 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 worth $30,000 after buying an additional 106 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Core Natural Resources during the third quarter worth $31,000. Institutional investors own 86.54% of the company’s stock.

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.