Core Natural Resources, Inc. (NYSE:CNR) Receives $158.83 Average PT from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $147.17.

A number of research firms have issued reports on CNR. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. B. Riley reduced their price target on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com started coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday.

Core Natural Resources Stock Performance

NYSE:CNR opened at $73.22 on Friday. Core Natural Resources has a twelve month low of $72.97 and a twelve month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 7.62 and a beta of 1.74. The firm’s fifty day simple moving average is $118.81 and its 200 day simple moving average is $135.31.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. As a group, equities research analysts expect that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is 4.16%.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System raised its stake in shares of Core Natural Resources by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock worth $1,243,000 after buying an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Fortitude Family Office LLC grew its holdings in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC grew its holdings in Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after purchasing an additional 170 shares during the period. 86.54% of the stock is owned by institutional investors.

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.