Analysts Set Core Natural Resources, Inc. (NYSE:CNR) Price Target at $112.25

Core Natural Resources, Inc. (NYSE:CNR) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $112.25.

A number of research firms recently commented on CNR. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. UBS Group increased their price objective on Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen downgraded Core Natural Resources from a “hold” rating to a “sell” rating in a research 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.

Insider Transactions at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the 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 completion of the transaction, the chief accounting officer owned 6,190 shares in the company, valued at $567,127.80. This trade represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard A. Navarre sold 6,000 shares of Core Natural Resources stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the completion of the transaction, the director owned 18,034 shares of the company’s stock, valued at $1,653,717.80. The trade was a 24.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.02% of the company’s stock.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently modified their holdings of the business. CWM LLC grew its stake in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Core Natural Resources by 1.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock worth $968,000 after acquiring an additional 121 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Core Natural Resources by 4.2% during the third quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock worth $258,000 after acquiring an additional 124 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Core Natural Resources by 1.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock worth $666,000 after acquiring an additional 126 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Core Natural Resources by 10.0% in the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock worth $118,000 after acquiring an additional 128 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Price Performance

CNR opened at $99.01 on Friday. 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 50-day moving average of $92.61 and a 200 day moving average of $86.34. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The firm has a market cap of $5.05 billion, a P/E ratio of -32.89 and a beta of 0.34.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. During the same period in the prior year, the firm posted $1.04 EPS. The business’s revenue was up 81.8% on a year-over-year basis. On average, research analysts expect that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 annualized dividend and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is -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.