Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $147.17.

Several brokerages have issued reports on CNR. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and dropped their target price for the company from $165.00 to $150.00 in a research report 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 report on Monday, February 24th. Benchmark reiterated a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a report on Tuesday, February 25th. Finally, StockNews.com started coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors have recently added to or reduced their stakes in CNR. Geode Capital Management LLC lifted its stake in Core Natural Resources by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after purchasing an additional 31,310 shares in the last quarter. FMR LLC grew its position in Core Natural Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after acquiring an additional 404,249 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Core Natural Resources by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock worth $40,317,000 after acquiring an additional 990 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Core Natural Resources in the 4th quarter worth approximately $28,790,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Core Natural Resources by 578.7% in the 3rd quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock valued at $27,746,000 after purchasing an additional 226,069 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Up 2.1 %

CNR stock opened at $74.84 on Tuesday. The firm has a 50-day moving average price of $96.16 and a 200-day moving average price of $128.83. Core Natural Resources has a 12 month low of $66.54 and a 12 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 stock has a market capitalization of $4.00 billion, a P/E ratio of 7.79 and a beta of 1.65.

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

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Core Natural Resources’s payout ratio is currently 4.16%.

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.