Brokerages Set Core Natural Resources, Inc. (NYSE:CNR) Target Price at $111.67

Core Natural Resources, Inc. (NYSE:CNR) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $111.6667.

Several brokerages recently weighed in on CNR. Weiss Ratings downgraded Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. UBS Group lowered their target price on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th.

Core Natural Resources Stock Down 0.9%

Shares of CNR opened at $82.85 on Thursday. Core Natural Resources has a one year low of $68.78 and a one year high of $114.80. The company has a market cap of $4.18 billion, a P/E ratio of -67.91 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $85.54 and a two-hundred day simple moving average of $90.90.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million during the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The company’s quarterly revenue was up 94.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.39 earnings per share. Research analysts forecast that Core Natural Resources will post 2.45 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources’s payout ratio is -32.79%.

Hedge Funds Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Core Natural Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock worth $501,838,000 after buying an additional 39,557 shares during the last quarter. State Street Corp increased its holdings in shares of Core Natural Resources by 7.8% during the fourth quarter. State Street Corp now owns 3,707,442 shares of the energy company’s stock worth $328,146,000 after buying an additional 267,925 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Core Natural Resources in the 4th quarter valued at $86,297,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Core Natural Resources by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock valued at $66,491,000 after acquiring an additional 40,383 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Core Natural Resources by 134.0% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company’s stock valued at $74,172,000 after acquiring an additional 405,505 shares in the last quarter. 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.