Core Natural Resources (NYSE:CNR) Given New $122.00 Price Target at B. Riley Financial

Key Points

• B. Riley Financial raised its price target for Core Natural Resources from $118 to $122 and maintained a “Buy” rating, implying approximately 32.27% upside from the stock’s $92.23 price.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy and three rate it a Hold, resulting in a consensus “Hold” rating and an average price target of $113.50.
• Core Natural Resources recently exceeded quarterly earnings expectations, reporting $2.51 in EPS versus the $0.60 consensus estimate and $1.14 billion in revenue; institutional investors own 86.54% of the company’s shares.

Core Natural Resources (NYSE:CNR - Get Free Report) had its price objective hoisted by equities researchers at B. Riley Financial from $118.00 to $122.00 in a report released on Monday, Benzinga reports. The firm currently has a "buy" rating on the energy company's stock. B. Riley Financial's price target suggests a potential upside of 32.27% from the company's current price.

Other analysts have also recently issued research reports about the company. UBS Group cut Core Natural Resources from a "buy" rating to a "neutral" rating and raised their price target for the company from $101.00 to $105.00 in a report on Tuesday, August 18th. Zacks Research lowered Core Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Finally, Weiss Ratings upgraded shares of Core Natural Resources from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $113.50.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock traded up $0.14 on Monday, reaching $92.23. The stock had a trading volume of 24,951 shares, compared to its average volume of 716,627. Core Natural Resources has a 1 year low of $74.75 and a 1 year high of $114.80. The company has a market cap of $4.58 billion, a P/E ratio of 45.99 and a beta of 0.25. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $93.35 and its two-hundred day moving average is $88.92.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $1.91. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. As a group, research analysts anticipate that Core Natural Resources will post 2.96 EPS for the current year.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. lifted its stake in Core Natural Resources by 132.8% in the third 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. Signaturefd LLC grew its stake in shares of Core Natural Resources by 85.2% during the third quarter. Signaturefd LLC now owns 313 shares of the energy company's stock valued at $27,000 after buying an additional 144 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Core Natural Resources by 78.7% in the third quarter. Sterling Capital Management LLC now owns 1,260 shares of the energy company's stock worth $108,000 after buying an additional 555 shares during the period. Skylands Capital LLC increased its holdings in shares of Core Natural Resources by 0.3% in the third quarter. Skylands Capital LLC now owns 226,897 shares of the energy company's stock worth $19,477,000 after buying an additional 595 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Core Natural Resources in the third quarter worth about $204,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

About Core Natural Resources

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.

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