Core Natural Resources, Inc. Plans Quarterly Dividend of $0.10 (NYSE:CNR)

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.10 per share by the energy company on Monday, March 17th. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 3rd.

Core Natural Resources has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $11.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.8%.

Core Natural Resources Stock Down 5.2 %

NYSE CNR traded down $4.23 on Friday, reaching $77.56. The company had a trading volume of 1,203,822 shares, compared to its average volume of 1,136,510. The stock has a market capitalization of $2.28 billion, a P/E ratio of 5.69 and a beta of 1.74. The company’s fifty day moving average is $126.21 and its 200 day moving average is $137.24. Core Natural Resources has a 52-week low of $74.74 and a 52-week high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR) last announced 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. The firm had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a return on equity of 28.96% and a net margin of 18.02%. Sell-side analysts anticipate that Core Natural Resources will post 10.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CNR shares. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark upped their price objective 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. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

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.