Core Natural Resources (NYSE:CNR) Rating Increased to Hold at Wall Street Zen

Core Natural Resources (NYSE:CNR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other analysts also recently issued reports on CNR. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. UBS Group upped their price objective on Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and an average price target of $112.25.

Core Natural Resources Trading Down 0.1%

CNR stock opened at $106.95 on Friday. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $113.57. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of -35.53 and a beta of 0.34. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $93.63 and its two-hundred day simple moving average is $87.16.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. During the same quarter last year, the business posted $1.04 EPS. Core Natural Resources’s revenue was up 81.8% compared to the same quarter last year. As a group, analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current year.

Insider Transactions at Core Natural Resources

In related news, Director Richard A. Navarre sold 6,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 18,034 shares in the company, valued at $1,653,717.80. This represents a 24.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James A. Brock sold 40,760 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $10,115,000. The trade was a 28.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 51,560 shares of company stock valued at $5,118,890. Corporate insiders own 1.41% of the company’s stock.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently made changes to their positions in CNR. Triumph Capital Management acquired a new position in Core Natural Resources during the 3rd quarter valued at approximately $25,000. AdvisorNet Financial Inc grew its position in Core Natural Resources by 1,290.9% during 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 during the period. EverSource Wealth Advisors LLC raised its stake in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares during the last quarter. CWM LLC lifted its holdings in shares of 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 during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Core Natural Resources in the third quarter worth about $31,000. Institutional investors and hedge funds 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.