Analysts Set Core Natural Resources, Inc. (NYSE:CNR) PT at $111.38

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been given an average recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $111.3750.

CNR has been the subject of a number of recent research reports. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. UBS Group upped their price objective on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Finally, Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Magnolia Group LLC boosted its holdings in shares of Core Natural Resources by 140.6% in the 2nd quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock worth $49,829,000 after purchasing an additional 417,500 shares in the last quarter. State Street Corp lifted 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 buying an additional 294,312 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Core Natural Resources by 10,023.9% in the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after buying an additional 292,799 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Core Natural Resources during the fourth quarter valued at approximately $22,741,000. Finally, First Trust Advisors LP raised its stake in shares of Core Natural Resources by 619.5% during the second quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock worth $18,652,000 after acquiring an additional 230,275 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Trading Down 1.8%

Shares of Core Natural Resources stock opened at $98.98 on Thursday. The firm has a market cap of $5.07 billion, a PE ratio of -230.19 and a beta of 0.33. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $103.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. The stock has a fifty day moving average price of $87.48 and a 200-day moving average price of $82.27.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. Equities research analysts anticipate that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, November 28th. Core Natural Resources’s dividend payout ratio (DPR) is presently -93.02%.

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.