Core Natural Resources (NYSE:CNR) Price Target Raised to $115.00 at UBS Group

Core Natural Resources (NYSE:CNR) had its target price hoisted by UBS Group from $109.00 to $115.00 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the energy company’s stock.

CNR has been the subject of several other reports. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Finally, Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Core Natural Resources Trading Up 6.3%

Shares of NYSE:CNR opened at $109.64 on Tuesday. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $113.57. The company has a market capitalization of $5.56 billion, a PE ratio of -36.43 and a beta of 0.34. The business has a 50 day moving average of $94.00 and a two-hundred day moving average of $87.85. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $996.54 million. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.Core Natural Resources’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. As a group, analysts forecast that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Core Natural Resources’s dividend payout ratio is currently -13.29%.

Insider Buying and Selling at Core Natural Resources

In other news, Director Richard A. Navarre sold 6,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO John Rothka sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was 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 directly owned 6,190 shares in the company, valued at approximately $567,127.80. This represents a 38.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 51,560 shares of company stock worth $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of Core Natural Resources

Several large investors have recently bought and sold shares of CNR. JPMorgan Chase & Co. boosted its holdings in shares of Core Natural Resources by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after purchasing an additional 111,331 shares during the last quarter. Magnolia Group LLC increased its holdings in shares of Core Natural Resources by 2.4% in the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after purchasing an additional 17,500 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Core Natural Resources during the third quarter worth approximately $4,369,000. Osaic Holdings Inc. lifted its position in Core Natural Resources by 711.1% during the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after buying an additional 25,087 shares in the last quarter. Finally, Villanova Investment Management Co LLC boosted its stake in Core Natural Resources by 165.8% during the second quarter. Villanova Investment Management Co LLC now owns 21,960 shares of the energy company’s stock worth $1,531,000 after buying an additional 13,698 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.