Core Natural Resources, Inc. (NYSE:CNR) Receives $140.20 Consensus Price Target from Brokerages

Core Natural Resources, Inc. (NYSE:CNR) has received an average recommendation of “Buy” from the four ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $132.75.

Several equities research analysts recently commented on the stock. 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. Jefferies Financial Group upgraded shares of 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 report on Monday, January 6th. B. Riley decreased their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and set a $112.00 target price on shares of Core Natural Resources in a research report on Tuesday, February 25th.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares in the company, valued at approximately $1,005,104.40. This trade represents a 39.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings 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. Price T Rowe Associates Inc. MD purchased a new position in shares of Core Natural Resources during the fourth quarter valued at about $28,790,000. JPMorgan Chase & Co. raised its stake in Core Natural Resources by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 242,941 shares of the energy company’s stock worth $25,424,000 after buying an additional 611 shares in the last quarter. Trium Capital LLP purchased a new stake in Core Natural Resources in the fourth quarter worth about $21,109,000. Finally, Rhumbline Advisers bought a new stake in Core Natural Resources during the 1st quarter valued at approximately $9,261,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Price Performance

Shares of CNR opened at $75.74 on Friday. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The firm has a market capitalization of $4.05 billion, a PE ratio of 7.88 and a beta of 1.42. The company’s 50-day moving average is $74.04 and its 200-day moving average is $120.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

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

Core Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Core Natural Resources’s dividend 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.