Core Natural Resources (NYSE:CNR) Issues Earnings Results

Core Natural Resources (NYSE:CNR) announced its quarterly earnings data on Thursday. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76), FiscalAI reports. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The firm’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share.

Core Natural Resources Trading Up 1.4%

NYSE CNR traded up $1.26 on Friday, hitting $91.31. 469,737 shares of the stock were exchanged, compared to its average volume of 728,384. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $103.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82. The stock has a fifty day moving average price of $91.28 and a two-hundred day moving average price of $83.82. The firm has a market capitalization of $4.68 billion, a P/E ratio of -212.33 and a beta of 0.34.

Core Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is -93.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Core Natural Resources by 27.7% in the second quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock worth $35,790,000 after acquiring an additional 111,331 shares during the period. Magnolia Group LLC raised its holdings in Core Natural Resources by 2.4% in the 3rd quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock worth $61,107,000 after purchasing an additional 17,500 shares during the period. Osaic Holdings Inc. boosted its position in Core Natural Resources by 711.1% during the second quarter. Osaic Holdings Inc. now owns 28,615 shares of the energy company’s stock worth $1,996,000 after purchasing an additional 25,087 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Core Natural Resources in the third quarter valued at approximately $4,369,000. Finally, Geode Capital Management LLC increased its position in shares of Core Natural Resources by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company’s stock valued at $86,318,000 after buying an additional 20,541 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CNR shares. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Finally, Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $111.38.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.