Core Natural Resources, Inc. (CNR) To Go Ex-Dividend on November 28th

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Friday, November 28th will be paid a dividend of 0.10 per share by the energy company on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, November 28th.

Core Natural Resources has a dividend payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $17.60 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 2.3%.

Core Natural Resources Stock Up 3.4%

CNR opened at $89.50 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $134.59. The stock has a market capitalization of $4.61 billion, a P/E ratio of 41.06 and a beta of 0.63. The business has a 50 day simple moving average of $82.48 and a 200-day simple moving average of $76.00.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The company’s revenue for the quarter was up 74.4% on a year-over-year basis. On average, equities analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on CNR shares. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday. UBS Group upped their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Core Natural Resources in a report on Wednesday, October 8th. B. Riley decreased their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. Finally, Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and raised their price objective for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.10.

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.