Core Natural Resources, Inc. (NYSE:CNR) Declares $0.10 Quarterly Dividend

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.10 per share by the energy company on Monday, March 16th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd.

Core Natural Resources has a dividend payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 2.8%

Shares of Core Natural Resources stock traded down $2.63 during mid-day trading on Thursday, hitting $90.05. The stock had a trading volume of 879,430 shares, compared to its average volume of 735,677. The firm has a 50-day moving average of $91.28 and a two-hundred day moving average of $83.82. The firm has a market cap of $4.61 billion, a P/E ratio of -209.40 and a beta of 0.34. 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 12-month low of $58.19 and a 12-month high of $103.50.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($1.19). The business had revenue of $1.04 billion during the quarter. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Sell-side analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CNR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.38.

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