Core Natural Resources (NYSE:CNR) Posts Quarterly Earnings Results, Beats Estimates By $1.44 EPS

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

Core Natural Resources Stock Performance

Core Natural Resources stock traded up $0.51 during trading hours on Thursday, hitting $78.14. 468,525 shares of the stock traded hands, compared to its average volume of 1,075,764. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm’s 50 day moving average price is $129.22 and its 200-day moving average price is $138.05. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 5.74 and a beta of 1.74. Core Natural Resources has a 1 year low of $74.74 and a 1 year high of $134.59.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CNR shares. StockNews.com started coverage on Core Natural Resources in a research report on Thursday, January 30th. They issued a “hold” rating for the company. Piper Sandler raised 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 report on Monday, January 6th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark upped their target price on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $158.83.

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.