Core Natural Resources (NYSE:CNR) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Core Natural Resources, Inc. (NYSE:CNR) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $89.28 and traded as low as $76.50. Core Natural Resources shares last traded at $77.91, with a volume of 850,558 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on CNR. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and lowered their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark restated a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. B. Riley lowered their price objective on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Core Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $147.17.

Core Natural Resources Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $89.28 and a two-hundred day moving average price of $126.91. The stock has a market cap of $4.16 billion, a P/E ratio of 8.11 and a beta of 1.65.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. On average, sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.51%. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Core Natural Resources by 4.4% in the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after buying an additional 31,310 shares in the last quarter. FMR LLC increased its stake in Core Natural Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Core Natural Resources by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock worth $40,317,000 after acquiring an additional 990 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Core Natural Resources during the 4th quarter valued at approximately $28,790,000. Finally, Holocene Advisors LP grew its holdings in shares of Core Natural Resources by 422.4% in the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

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.