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

Key Points

• Zacks Research downgraded Core Natural Resources from “hold” to “strong sell.” Across analysts, the stock’s average rating remains “Hold,” with an average price target of $109.
• Core Natural Resources reported quarterly EPS of $0.18, missing the $0.72 consensus estimate, while revenue rose 9.7% year over year to $1.15 billion.
• Shares opened at $83.23, within a 12-month range of $73.31 to $114.80.

Core Natural Resources (NYSE:CNR - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Monday, Zacks reports.

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

Core Natural Resources Price Performance

Shares of NYSE CNR opened at $83.23 on Monday. Core Natural Resources has a twelve month low of $73.31 and a twelve month 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. The firm has a 50-day moving average of $90.20 and a two-hundred day moving average of $90.33.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The energy company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). Core Natural Resources had a negative return on equity of 0.59% and a net margin of 1.76%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts expect that Core Natural Resources will post 2.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Goehring & Rozencwajg Associates LLC boosted its stake in Core Natural Resources by 134.0% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 708,225 shares of the energy company's stock worth $74,172,000 after purchasing an additional 405,505 shares during the period. Encompass Capital Advisors LLC raised its stake in Core Natural Resources by 122.2% during the 1st quarter. Encompass Capital Advisors LLC now owns 500,000 shares of the energy company's stock valued at $52,365,000 after purchasing an additional 275,000 shares during the period. First Trust Advisors LP lifted its holdings in shares of Core Natural Resources by 2.8% in the first quarter. First Trust Advisors LP now owns 334,574 shares of the energy company's stock valued at $35,040,000 after purchasing an additional 9,156 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Core Natural Resources in the second quarter worth $26,071,000. Finally, Baird Financial Group Inc. boosted its position in shares of Core Natural Resources by 4.4% in the second quarter. Baird Financial Group Inc. now owns 261,052 shares of the energy company's stock worth $20,889,000 after buying an additional 10,911 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.

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