Core Natural Resources (NYSE:CNR) Coverage Initiated by Analysts at UBS Group

UBS Group initiated coverage on shares of Core Natural Resources (NYSE:CNR) in a research note released on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $80.00 price objective on the energy company’s stock.

Other research analysts have also recently issued reports about the stock. B. Riley cut their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Benchmark cut their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $120.80.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $73.60 on Wednesday. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 7.66 and a beta of 0.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $71.52 and a 200 day simple moving average of $98.34. Core Natural Resources has a one year low of $58.19 and a one year high of $134.59.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($3.12). Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $964.15 million. Research analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources’s dividend payout ratio is currently 8.26%.

Insider Buying and Selling at Core Natural Resources

In related news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the sale, the director now directly owns 13,348 shares of the company’s stock, valued at $1,005,104.40. This represents a 39.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Core Natural Resources

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers acquired a new stake in shares of Core Natural Resources during the first quarter worth $9,261,000. Strs Ohio acquired a new stake in shares of Core Natural Resources during the first quarter worth $1,172,000. Villanova Investment Management Co LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth $637,000. Intech Investment Management LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth $1,743,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth $5,113,000. 86.54% of the stock is owned by hedge funds and other 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.