Core Natural Resources (NYSE:CNR) Price Target Raised to $109.00 at UBS Group

Core Natural Resources (NYSE:CNR) had its price target upped by equities research analysts at UBS Group from $105.00 to $109.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. UBS Group’s price objective would indicate a potential upside of 9.05% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $112.25.

Core Natural Resources Stock Performance

Shares of CNR traded up $4.15 during trading hours on Thursday, hitting $99.95. The stock had a trading volume of 1,121,857 shares, compared to its average volume of 816,577. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $103.50. The firm has a market capitalization of $5.10 billion, a PE ratio of -33.21 and a beta of 0.34. The stock has a fifty day moving average price of $92.20 and a 200 day moving average price of $85.88.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. The firm’s revenue was up 81.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Analysts anticipate that Core Natural Resources will post 11.4 EPS for the current year.

Insider Activity

In related news, Director Richard A. Navarre sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total value of $550,200.00. Following the completion of the sale, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John Rothka sold 3,800 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the sale, the chief accounting officer owned 6,190 shares in the company, valued at $567,127.80. The trade was a 38.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.41% of the stock is owned by company insiders.

Hedge Funds Weigh In On Core Natural Resources

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada bought a new position in shares of Core Natural Resources during the 1st quarter valued at approximately $2,037,000. AQR Capital Management LLC purchased a new stake in Core Natural Resources during the first quarter valued at $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Core Natural Resources during the first quarter valued at $2,413,000. NewEdge Advisors LLC bought a new position in Core Natural Resources during the first quarter valued at $1,223,000. Finally, United Services Automobile Association purchased a new position in shares of Core Natural Resources in the 1st quarter worth $256,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Company Profile

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.