Core Natural Resources (NYSE:CNR) Posts Quarterly Earnings Results

Core Natural Resources (NYSE:CNR) released its earnings results on Thursday. The energy company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $0.60 by $1.91, FiscalAI reports. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion.

Core Natural Resources Price Performance

Shares of CNR opened at $89.77 on Friday. The firm has a market cap of $4.53 billion, a PE ratio of 45.11 and a beta of 0.14. The firm’s 50 day moving average price is $84.87 and its 200 day moving average price is $89.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.83. Core Natural Resources has a twelve month low of $68.78 and a twelve month high of $114.80.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be issued a $0.10 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. UBS Group cut their target price on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.50.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System raised its holdings in Core Natural Resources by 1.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock worth $666,000 after purchasing an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Core Natural Resources by 0.3% in the 3rd quarter. Alliancebernstein L.P. now owns 61,360 shares of the energy company’s stock valued at $5,122,000 after purchasing an additional 196 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Core Natural Resources by 6.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,900 shares of the energy company’s stock valued at $326,000 after purchasing an additional 235 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Core Natural Resources by 2.2% during the fourth quarter. Natixis Advisors LLC now owns 13,739 shares of the energy company’s stock worth $1,216,000 after buying an additional 292 shares during the period. 86.54% of the stock is currently owned by institutional investors.

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.