Core Natural Resources (NYSE:CNR) Releases Earnings Results, Beats Expectations By $1.44 EPS

Core Natural Resources (NYSE:CNR) issued its quarterly earnings results on Thursday. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.44, Zacks reports. Core Natural Resources had a net margin of 18.02% and a return on equity of 28.96%.

Core Natural Resources Stock Performance

Shares of Core Natural Resources stock traded up $3.02 during trading on Thursday, hitting $80.65. 991,881 shares of the company’s stock traded hands, compared to its average volume of 1,091,414. Core Natural Resources has a 1 year low of $74.74 and a 1 year high of $134.59. The business has a 50-day simple moving average of $127.68 and a 200-day simple moving average of $137.62. The stock has a market capitalization of $2.37 billion, a P/E ratio of 5.92 and a beta of 1.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark increased their target price on Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.83.

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.