Core Natural Resources (NYSE:CNR) Price Target Raised to $115.00

Core Natural Resources (NYSE:CNR) had its price objective hoisted by UBS Group from $109.00 to $115.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. UBS Group’s price target would suggest a potential upside of 3.86% from the stock’s current price.

A number of other analysts have also commented on the stock. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Core Natural Resources Stock Up 7.3%

CNR stock traded up $7.57 during mid-day trading on Tuesday, hitting $110.72. 165,542 shares of the company were exchanged, compared to its average volume of 896,033. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. Core Natural Resources has a 1-year low of $58.19 and a 1-year high of $113.57. The firm’s 50 day simple moving average is $93.74 and its 200 day simple moving average is $87.61. The firm has a market cap of $5.62 billion, a P/E ratio of -36.89 and a beta of 0.34.

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

Insider Activity at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total transaction of $348,156.00. Following the transaction, the chief accounting officer owned 6,190 shares in the company, valued at $567,127.80. This represents a 38.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the transaction, the director directly owned 18,034 shares in the company, valued at $1,653,717.80. This represents a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 51,560 shares of company stock worth $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

A number of large investors have recently added to or reduced their stakes in CNR. JPMorgan Chase & Co. lifted its position in shares of Core Natural Resources by 27.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 513,191 shares of the energy company’s stock valued at $35,790,000 after acquiring an additional 111,331 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Core Natural Resources in the third quarter worth $4,369,000. Magnolia Group LLC raised its stake in Core Natural Resources by 2.4% in the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company’s stock valued at $61,107,000 after purchasing an additional 17,500 shares in the last quarter. Osaic Holdings Inc. lifted 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 during the period. Finally, Villanova Investment Management Co LLC lifted its position in Core Natural Resources by 165.8% during the second quarter. Villanova Investment Management Co LLC now owns 21,960 shares of the energy company’s stock worth $1,531,000 after purchasing an additional 13,698 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

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.