Core Natural Resources (NYSE:CNR) Sets New 12-Month Low Following Analyst Downgrade

Core Natural Resources, Inc. (NYSE:CNR)’s share price reached a new 52-week low during trading on Tuesday after B. Riley lowered their price target on the stock from $140.00 to $136.00. B. Riley currently has a buy rating on the stock. Core Natural Resources traded as low as $74.45 and last traded at $75.78, with a volume of 1522201 shares traded. The stock had previously closed at $77.84.

CNR has been the topic of a number of other reports. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark upped their target price on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, StockNews.com began coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CNR. Creative Planning increased its stake in shares of Core Natural Resources by 94.9% during the 3rd quarter. Creative Planning now owns 5,287 shares of the energy company’s stock valued at $730,000 after acquiring an additional 2,575 shares during the last quarter. Blue Trust Inc. increased its position in Core Natural Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after purchasing an additional 642 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Core Natural Resources during the 3rd quarter worth approximately $10,032,000. Arkadios Wealth Advisors increased its position in Core Natural Resources by 86.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 5,668 shares of the energy company’s stock worth $593,000 after purchasing an additional 2,623 shares in the last quarter. Finally, FCG Investment Co acquired a new stake in Core Natural Resources during the 3rd quarter worth approximately $1,005,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Stock Performance

The stock’s 50-day moving average is $124.67 and its 200-day moving average is $136.96. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 7.89 and a beta of 1.74. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

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

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio is presently 4.16%.

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.