Core Natural Resources (NYSE:CNR) Price Target Raised to $115.00

Core Natural Resources (NYSE:CNR) had its target price lifted by UBS Group from $109.00 to $115.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the energy company’s stock.

Several other research analysts have also commented on the company. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings upgraded Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.75.

Core Natural Resources Price Performance

NYSE CNR opened at $109.00 on Tuesday. The company has a market cap of $5.53 billion, a PE ratio of -36.21 and a beta of 0.34. The firm’s 50 day moving average price is $94.47 and its 200-day moving average price is $88.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $113.57.

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

Core Natural Resources Announces Dividend

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

Insider Transactions at Core Natural Resources

In other news, CAO John Rothka sold 3,800 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total transaction of $348,156.00. Following the completion of the sale, the chief accounting officer owned 6,190 shares in the company, valued at approximately $567,127.80. This represents a 38.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard A. Navarre sold 6,000 shares of the stock in a transaction 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 sale, the director 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 51,560 shares of company stock valued at $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its holdings in shares of Core Natural Resources by 122.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,945 shares of the energy company’s stock valued at $526,000 after acquiring an additional 3,271 shares in the last quarter. Alberta Investment Management Corp purchased a new position in shares of Core Natural Resources in the 4th quarter valued at approximately $1,567,000. Regal Partners Ltd acquired a new stake in Core Natural Resources in the 4th quarter worth approximately $4,148,000. Empowered Funds LLC boosted its stake in Core Natural Resources by 8.0% in the 4th quarter. Empowered Funds LLC now owns 19,533 shares of the energy company’s stock worth $1,729,000 after purchasing an additional 1,440 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Core Natural Resources during the 4th quarter worth approximately $423,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.