UBS Group Forecasts Strong Price Appreciation for Core Natural Resources (NYSE:CNR) Stock

Core Natural Resources (NYSE:CNR) had its price objective increased by equities researchers at UBS Group from $105.00 to $109.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. UBS Group’s price objective would suggest a potential upside of 10.09% from the company’s current price.

Several other equities research analysts have also recently weighed in on CNR. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Wall Street Zen downgraded Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $112.25.

Core Natural Resources Stock Performance

NYSE:CNR opened at $99.01 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $103.50. The firm has a market cap of $5.05 billion, a PE ratio of -32.89 and a beta of 0.34. The business has a 50 day moving average price of $92.61 and a 200-day moving average price of $86.16.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. Equities research analysts predict that Core Natural Resources will post 11.4 earnings per share for the current year.

Insider Activity

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the company’s stock in a transaction dated 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 approximately $567,127.80. This represents a 38.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director directly owned 18,034 shares in the company, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their position. The SEC filing for this sale provides additional information. 1.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds have recently added to or reduced their stakes in CNR. Triumph Capital Management purchased a new position in shares of Core Natural Resources in the third quarter worth approximately $25,000. AdvisorNet Financial Inc increased its stake in shares of Core Natural Resources by 1,290.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC raised its holdings in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in Core Natural Resources during the third quarter valued at $31,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.