Analysts Set Core Natural Resources, Inc. (NYSE:CNR) PT at $112.25

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $112.25.

Several analysts have weighed in on CNR shares. Wall Street Zen downgraded shares of Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. UBS Group boosted their target price on Core Natural Resources from $105.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th.

Insider Activity at Core Natural Resources

In other Core Natural Resources news, CEO James A. Brock sold 40,760 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer owned 100,000 shares of the company’s stock, valued at $10,115,000. This trade represents a 28.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the completion of the transaction, the director owned 18,034 shares in the company, valued at $1,653,717.80. The trade was a 24.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,560 shares of company stock worth $5,118,890 in the last three months. 1.41% of the stock is owned by insiders.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently modified their holdings of the company. Triumph Capital Management purchased a new position in Core Natural Resources during the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc raised its position in Core Natural Resources by 1,290.9% during 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 last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 191 shares during the period. CWM LLC lifted its holdings in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after buying an additional 106 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Core Natural Resources in the 3rd quarter worth approximately $31,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Trading Up 5.7%

Shares of CNR opened at $107.29 on Friday. Core Natural Resources has a 1-year low of $58.19 and a 1-year high of $113.57. The company has a market capitalization of $5.44 billion, a P/E ratio of -35.64 and a beta of 0.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. The firm’s 50 day simple moving average is $93.42 and its 200 day simple moving average is $86.94.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Sell-side analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Core Natural Resources’s payout ratio is presently -13.29%.

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.