Core Natural Resources (NYSE:CNR) Trading 7.3% Higher Following Analyst Upgrade

Core Natural Resources, Inc. (NYSE:CNR)’s stock price rose 7.3% on Tuesday after UBS Group raised their price target on the stock from $109.00 to $115.00. UBS Group currently has a buy rating on the stock. Core Natural Resources traded as high as $110.00 and last traded at $110.7230. Approximately 165,542 shares traded hands during trading, a decline of 82% from the average daily volume of 896,033 shares. The stock had previously closed at $103.15.

CNR has been the subject of a number of other research reports. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $113.75.

Insiders Place Their Bets

In other news, CAO John Rothka sold 1,000 shares of the business’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 in the company, valued at approximately $506,855.40. The trade was a 16.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James A. Brock sold 40,760 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,560 shares of company stock worth $5,118,890 over the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Core Natural Resources by 27.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after purchasing an additional 111,331 shares in the last quarter. Magnolia Group LLC increased its position in Core Natural Resources by 2.4% during the 3rd quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock worth $61,107,000 after purchasing an additional 17,500 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Core Natural Resources in the 3rd quarter valued at approximately $4,369,000. Osaic Holdings Inc. lifted its stake in Core Natural Resources by 711.1% in the 2nd quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock valued at $1,996,000 after purchasing an additional 25,087 shares during the last quarter. Finally, Villanova Investment Management Co LLC boosted its position in Core Natural Resources by 165.8% in the second quarter. Villanova Investment Management Co LLC now owns 21,960 shares of the energy company’s stock valued at $1,531,000 after buying an additional 13,698 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Trading Up 7.6%

The business’s 50 day simple moving average is $93.74 and its two-hundred day simple moving average is $87.61. The stock has a market cap of $5.63 billion, a P/E ratio of -36.93 and a beta of 0.34. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $996.54 million. During the same period last year, the business earned $1.04 EPS. The company’s revenue was up 81.8% compared to the same quarter last year. As a group, analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

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

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.