Analysts Set Core Natural Resources, Inc. (NYSE:CNR) PT at $147.17

Shares of Core Natural Resources, Inc. (NYSE:CNR) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $147.17.

A number of brokerages have recently issued reports on CNR. B. Riley decreased their price target on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday, February 24th. StockNews.com began coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after buying an additional 100 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources in the fourth quarter valued at $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after buying an additional 170 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in shares of Core Natural Resources by 63.8% in the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after buying an additional 104 shares during the period. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Stock Down 1.7 %

CNR stock opened at $73.27 on Tuesday. The company’s 50 day moving average price is $98.58 and its 200 day moving average price is $129.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. Core Natural Resources has a fifty-two week low of $66.54 and a fifty-two week high of $134.59. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 7.62 and a beta of 1.65.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The firm had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, equities research analysts anticipate that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. Core Natural Resources’s dividend payout ratio (DPR) is 4.16%.

Core Natural Resources Company Profile

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.