Core Natural Resources (NYSE:CNR) Rating Lowered to “Sell” at Wall Street Zen

Core Natural Resources (NYSE:CNR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Benchmark restated a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.38.

Core Natural Resources Stock Down 2.3%

Shares of CNR opened at $87.94 on Friday. The business’s fifty day moving average price is $91.93 and its two-hundred day moving average price is $84.53. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -29.21 and a beta of 0.34. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $103.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company’s revenue was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. On average, analysts predict that Core Natural Resources will post 11.4 earnings per share for the current year.

Institutional Investors Weigh In On Core Natural Resources

Several large investors have recently bought and sold shares of CNR. Corient Private Wealth LLC lifted its holdings in shares of Core Natural Resources by 89.0% during the 4th quarter. Corient Private Wealth LLC now owns 5,053 shares of the energy company’s stock valued at $447,000 after purchasing an additional 2,379 shares in the last quarter. Alberta Investment Management Corp bought a new stake in Core Natural Resources during the 4th quarter worth approximately $1,567,000. Regal Partners Ltd acquired a new stake in Core Natural Resources during the 4th quarter worth approximately $4,148,000. Empowered Funds LLC raised its holdings in Core Natural Resources by 8.0% during the 4th quarter. Empowered Funds LLC now owns 19,533 shares of the energy company’s stock worth $1,729,000 after buying an additional 1,440 shares during the period. Finally, XTX Topco Ltd bought a new position in Core Natural Resources in the fourth quarter valued at approximately $423,000. Institutional investors own 86.54% of the company’s stock.

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.