Core Natural Resources (NYSE:CNR) Upgraded to “Hold” at Zacks Research

Core Natural Resources (NYSE:CNR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings lowered shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group boosted their price target on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $116.67.

Core Natural Resources Stock Performance

NYSE:CNR opened at $82.28 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70. Core Natural Resources has a fifty-two week low of $64.57 and a fifty-two week high of $114.80. The firm has a market capitalization of $4.15 billion, a PE ratio of -67.44 and a beta of 0.14. The stock’s fifty day moving average is $87.65 and its 200 day moving average is $91.48.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The business had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $3.39 EPS. The company’s revenue was up 94.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Core Natural Resources will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Triumph Capital Management purchased a new stake in shares of Core Natural Resources during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares in the last quarter. CWM LLC raised its position in shares of Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. First Horizon Corp grew its holdings in Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after buying an additional 165 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Core Natural Resources in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.