Core Natural Resources (NYSE:CNR) Given “Buy” Rating at Benchmark

Core Natural Resources (NYSE:CNR)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $112.00 target price on the energy company’s stock. Benchmark’s price objective would suggest a potential upside of 51.80% from the stock’s previous close.

Several other research analysts have also issued reports on CNR. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com initiated coverage on Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating on the stock. 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. Finally, B. Riley dropped their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Core Natural Resources currently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Trading Down 2.5 %

Shares of Core Natural Resources stock traded down $1.90 on Tuesday, hitting $73.78. The stock had a trading volume of 36,465 shares, compared to its average volume of 1,116,618. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. Core Natural Resources has a one year low of $73.36 and a one year high of $134.59. The stock’s 50-day simple moving average is $123.12 and its two-hundred day simple moving average is $136.57. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 7.68 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last posted its 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. 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 analysts’ expectations of $493.50 million. As a group, sell-side analysts predict that Core Natural Resources will post 11.4 EPS for the current year.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors have recently modified their holdings of CNR. GAMMA Investing LLC increased its position 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 acquiring an additional 143 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Core Natural Resources during the fourth quarter valued at $26,000. Fortitude Family Office LLC lifted its stake in Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after purchasing an additional 104 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Core Natural Resources by 82.0% during the 4th 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 last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of 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 in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.