Core Natural Resources, Inc. (NYSE:CNR) Receives $158.83 Consensus PT from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $158.83.

A number of equities analysts recently commented on the company. StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They set a “hold” rating for the company. 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 report on Monday, January 6th. Benchmark raised their target price on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th.

Institutional Investors Weigh In On Core Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources during the 4th quarter worth about $26,000. Jones Financial Companies Lllp raised its position in shares of Core Natural Resources by 226.7% during the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock worth $35,000 after acquiring an additional 170 shares in the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Stock Down 5.2 %

Shares of NYSE:CNR opened at $77.56 on Friday. The business has a 50-day moving average price of $124.67 and a 200 day moving average price of $136.91. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.07 and a beta of 1.74. Core Natural Resources has a 12-month low of $74.74 and a 12-month high of $134.59.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $595.29 million during the quarter, compared to analysts’ expectations of $493.50 million. Sell-side analysts expect that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 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.