Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Rating of “Hold” by Brokerages

Core Natural Resources, Inc. (NYSE:CNR) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $116.6667.

CNR has been the topic of a number of research reports. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group boosted their price target on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday.

Core Natural Resources Stock Performance

Shares of Core Natural Resources stock opened at $82.28 on Friday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -67.44 and a beta of 0.14. The stock’s 50-day moving average is $87.65 and its 200-day moving average is $91.48. Core Natural Resources has a one year low of $64.57 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The company had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The company’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 earnings per share. Equities analysts predict that Core Natural Resources will post 2.45 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s dividend payout ratio is presently -32.79%.

Institutional Trading of Core Natural Resources

Several institutional investors and hedge funds have recently bought and sold shares of CNR. Royal Bank of Canada bought a new stake in Core Natural Resources during the first quarter worth about $2,037,000. AQR Capital Management LLC bought a new stake in Core Natural Resources during the first quarter worth about $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Core Natural Resources during the first quarter worth about $2,413,000. NewEdge Advisors LLC bought a new stake in Core Natural Resources during the first quarter worth about $1,223,000. Finally, United Services Automobile Association bought a new stake in Core Natural Resources during the first quarter worth about $256,000. Institutional investors 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.