Core Natural Resources (CNR) Projected to Announce Quarterly Earnings on Thursday

Core Natural Resources (NYSE:CNR) is expected to be releasing its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $0.5540 per share and revenue of $1.0973 billion for the quarter.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned $3.39 EPS. Core Natural Resources’s quarterly revenue was up 94.7% compared to the same quarter last year. On average, analysts expect Core Natural Resources to post $2 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Core Natural Resources Trading Up 0.8%

Core Natural Resources stock opened at $80.49 on Tuesday. Core Natural Resources has a 52 week low of $68.78 and a 52 week high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70. The stock has a market capitalization of $4.06 billion, a P/E ratio of -65.98 and a beta of 0.14. The stock has a 50-day simple moving average of $85.19 and a 200 day simple moving average of $90.17.

Core Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently modified their holdings of CNR. Triumph Capital Management bought a new position in Core Natural Resources during the third quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Core Natural Resources during the 4th quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Core Natural Resources by 11,140.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 562 shares of the energy company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Core Natural Resources by 666.7% during the 3rd quarter. Parallel Advisors LLC now owns 690 shares of the energy company’s stock worth $58,000 after purchasing an additional 600 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CNR shares. Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. UBS Group decreased their price target on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Four 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $112.50.

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.