Core Natural Resources (NYSE:CNR) Stock Rating Upgraded by Zacks Research

Core Natural Resources (NYSE:CNR) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other analysts also recently weighed in on CNR. UBS Group boosted their target price on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.38.

Core Natural Resources Stock Down 3.9%

Shares of NYSE CNR opened at $86.87 on Wednesday. The business has a 50-day simple moving average of $90.11 and a two-hundred day simple moving average of $83.40. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $103.50. The company has a market cap of $4.45 billion, a P/E ratio of -202.01 and a beta of 0.34.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, beating the consensus estimate of ($1.40) by $2.01. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The business’s quarterly revenue was up 74.4% on a year-over-year basis. Research analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Core Natural Resources by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after purchasing an additional 111,331 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Core Natural Resources by 711.1% in the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after buying an additional 25,087 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Core Natural Resources during the third quarter valued at approximately $4,369,000. Magnolia Group LLC increased its position in shares of Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after acquiring an additional 17,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Core Natural Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock worth $86,318,000 after acquiring an additional 20,541 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.