Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Rating of “Moderate Buy” by Analysts

Core Natural Resources, Inc. (NYSE:CNR) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $158.83.

A number of brokerages have issued reports on CNR. StockNews.com started coverage on Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating on the stock. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, Benchmark upped their target price on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Core Natural Resources by 4.4% in the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after purchasing an additional 31,310 shares in the last quarter. FMR LLC grew its stake in Core Natural Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after purchasing an additional 404,249 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Core Natural Resources by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock worth $40,317,000 after purchasing an additional 990 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Core Natural Resources in the fourth quarter worth approximately $28,790,000. Finally, Victory Capital Management Inc. grew its stake in Core Natural Resources by 578.7% in the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock worth $27,746,000 after purchasing an additional 226,069 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Trading Up 5.8 %

Shares of CNR stock opened at $82.12 on Friday. Core Natural Resources has a 1 year low of $74.74 and a 1 year high of $134.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $127.68 and its two-hundred day simple moving average is $137.62. The company has a market cap of $2.41 billion, a PE ratio of 6.03 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a return on equity of 28.96% and a net margin of 18.02%. Research analysts predict that Core Natural Resources will post 10.84 earnings per share for the current year.

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.