Core Natural Resources (NYSE:CNR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Core Natural Resources (NYSE:CNR) from a sell rating to a hold rating in a research note released on Saturday morning.

CNR has been the topic of a number of other reports. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. UBS Group boosted their price target on shares of Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.25.

Core Natural Resources Stock Down 0.1%

Shares of NYSE:CNR opened at $106.95 on Friday. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $113.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. The business’s 50-day moving average is $93.63 and its 200-day moving average is $87.27. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of -35.53 and a beta of 0.34.

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

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.10 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio is presently -13.29%.

Insider Activity

In other Core Natural Resources news, Director Richard A. Navarre sold 6,000 shares of Core Natural Resources stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director owned 18,034 shares of the company’s stock, valued at $1,653,717.80. This trade represents a 24.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John Rothka sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total value of $97,660.00. Following the completion of the transaction, the chief accounting officer directly owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. This represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,560 shares of company stock worth $5,118,890 over the last quarter. Insiders own 1.41% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Core Natural Resources by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock valued at $501,838,000 after acquiring an additional 39,557 shares during the period. State Street Corp increased its stake in shares of Core Natural Resources by 7.8% in the fourth quarter. State Street Corp now owns 3,707,442 shares of the energy company’s stock worth $328,146,000 after purchasing an additional 267,925 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Core Natural Resources by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after purchasing an additional 20,541 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Core Natural Resources in the fourth quarter valued at approximately $86,297,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Core Natural Resources by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 751,224 shares of the energy company’s stock valued at $66,491,000 after buying an additional 40,383 shares in the last quarter. 86.54% of the stock is 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.