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

Core Natural Resources, Inc. (NYSE:CNR) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $111.6667.

A number of equities analysts have recently commented on the stock. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. UBS Group lowered their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in CNR. Wedge Capital Management L L P NC grew its position in Core Natural Resources by 28.9% during the second quarter. Wedge Capital Management L L P NC now owns 27,399 shares of the energy company’s stock worth $2,192,000 after buying an additional 6,139 shares in the last quarter. GAMMA Investing LLC raised its holdings in Core Natural Resources by 10.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company’s stock valued at $146,000 after acquiring an additional 178 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Core Natural Resources by 6.2% during the 2nd quarter. Confluence Investment Management LLC now owns 23,555 shares of the energy company’s stock valued at $1,885,000 after acquiring an additional 1,379 shares during the period. Wealth High Governance Capital Ltda bought a new stake in shares of Core Natural Resources during the 1st quarter valued at $4,406,000. Finally, Wealth High Governance Asset Management Ltda. acquired a new stake in shares of Core Natural Resources during the 1st quarter worth $3,755,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Trading Down 0.1%

NYSE:CNR opened at $86.38 on Thursday. Core Natural Resources has a 1-year low of $68.78 and a 1-year high of $114.80. The business’s 50-day moving average price is $85.68 and its two-hundred day moving average price is $90.99. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of -70.80 and a beta of 0.15.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The firm had revenue of $899.48 million during the quarter, compared to analysts’ expectations 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 revenue was up 94.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 earnings per share. On average, equities analysts expect that Core Natural Resources will post 2.45 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 29th. Core Natural Resources’s dividend payout ratio is currently -32.79%.

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.