Core Natural Resources (NYSE:CNR) Trading 7.5% Higher – Time to Buy?

Shares of Core Natural Resources, Inc. (NYSE:CNR) shot up 7.5% on Thursday . The stock traded as high as $91.08 and last traded at $90.0490. 192,715 shares traded hands during trading, a decline of 79% from the average session volume of 917,362 shares. The stock had previously closed at $83.73.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CNR. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. UBS Group boosted their price objective on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Finally, Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.10.

Core Natural Resources Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. The stock has a fifty day moving average price of $83.89 and a two-hundred day moving average price of $77.90. The company has a market cap of $4.63 billion, a P/E ratio of -209.32 and a beta of 0.40.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, beating the consensus estimate of ($1.40) by $2.01. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources’s quarterly revenue was up 74.4% on a year-over-year basis. On average, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, November 28th. Core Natural Resources’s payout ratio is -93.02%.

Insider Buying and Selling at Core Natural Resources

In related news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the chief accounting officer directly owned 10,307 shares of the company’s stock, valued at $979,165. The trade was a 8.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Navarre sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the sale, the director owned 21,830 shares in the company, valued at approximately $1,794,426. This trade represents a 18.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CNR. Triumph Capital Management bought a new stake in shares of Core Natural Resources during the 3rd quarter worth $25,000. AdvisorNet Financial Inc boosted its position in shares of Core Natural Resources by 1,290.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after purchasing an additional 284 shares during the period. EverSource Wealth Advisors LLC increased its stake in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Core Natural Resources during the 3rd quarter worth about $31,000. Finally, Princeton Global Asset Management LLC acquired a new stake in Core Natural Resources during the 3rd quarter worth about $43,000. Institutional investors and hedge funds 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.