Core Natural Resources (NYSE:CNR) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Core Natural Resources (NYSE:CNR) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other analysts have also issued reports on the company. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, UBS Group reduced their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $112.50.

Core Natural Resources Stock Up 1.1%

CNR stock opened at $94.76 on Tuesday. Core Natural Resources has a 52-week low of $68.78 and a 52-week high of $114.80. The company’s 50 day simple moving average is $84.84 and its 200-day simple moving average is $89.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32. The firm has a market capitalization of $4.70 billion, a P/E ratio of 47.62 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, equities research analysts anticipate that Core Natural Resources will post 2.96 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be paid 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 payout ratio is 20.10%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CNR. Triumph Capital Management acquired a new stake in shares of Core Natural Resources during the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $29,000 after buying an additional 191 shares in the last quarter. CWM LLC grew its stake in shares of Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares in the last quarter. First Horizon Corp increased its holdings in Core Natural Resources by 97.6% in the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after buying an additional 165 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Core Natural Resources in the fourth quarter worth approximately $38,000. 86.54% of the stock is owned by institutional investors and hedge funds.

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.