Core Natural Resources (NYSE:CNR) Stock Gets Downgrade from Zacks Research

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

Several other analysts have also issued reports on CNR. Jefferies Financial Group restated a “buy” rating and issued a $100.00 price objective on shares of Core Natural Resources in a research note on Thursday, November 5th. UBS Group lowered Core Natural Resources from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $101.00 to $105.00 in a report on Tuesday, August 18th. Weiss Ratings lowered Core Natural Resources from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. Finally, B. Riley Financial increased their price target on Core Natural Resources from $118.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $109.00.

Core Natural Resources Stock Performance

Shares of CNR opened at $83.23 on Monday. The company has a market cap of $4.05 billion, a PE ratio of 53.36 and a beta of 0.24. The firm has a 50-day moving average of $90.20 and a 200-day moving average of $90.33. Core Natural Resources has a one year low of $73.31 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.71 and a quick ratio of 1.24.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, November 5th. The energy company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). Core Natural Resources had a net margin of 1.76% and a negative return on equity of 0.59%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts forecast that Core Natural Resources will post 2.72 earnings per share for the current year.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds have recently bought and sold shares of CNR. Signaturefd LLC grew its position in shares of Core Natural Resources by 85.2% in the third quarter. Signaturefd LLC now owns 313 shares of the energy company’s stock valued at $27,000 after purchasing an additional 144 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in Core Natural Resources by 132.8% during the 3rd quarter. Financial Management Professionals Inc. now owns 419 shares of the energy company’s stock worth $36,000 after purchasing an additional 239 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in Core Natural Resources by 93.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 529 shares of the energy company’s stock valued at $45,000 after purchasing an additional 256 shares during the period. Sterling Capital Management LLC boosted its stake in Core Natural Resources by 78.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,260 shares of the energy company’s stock valued at $108,000 after purchasing an additional 555 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Core Natural Resources in the 2nd quarter valued at $104,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Company Profile

Core Natural Resources, Inc. is a U.S.-based coal producer formed in January 2025 through the merger of Arch Resources and CONSOL Energy. The company mines and sells metallurgical coal, used in steelmaking, and thermal coal, used primarily for electricity generation. Its operations span the Appalachian coalfields of Pennsylvania and West Virginia and the Powder River Basin in Wyoming. Core Natural Resources serves domestic customers and international markets, supplying steel producers and power generators.