Core Natural Resources, Inc. (NYSE:CNR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Core Natural Resources “Moderate Buy.” Among six analysts, three recommend buying, one strongly recommends buying, and two rate the stock a hold; the average 12-month price target is $115.
• The company reported quarterly EPS of $2.51, exceeding the $0.60 consensus estimate, while revenue reached $1.14 billion versus expectations of $1.11 billion.
• Core Natural Resources declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 payout and a 0.4% yield; institutional investors own approximately 86.54% of the stock.

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $115.00.

A number of brokerages recently weighed in on CNR. Weiss Ratings upgraded shares of Core Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of Core Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. 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. Finally, UBS Group lowered shares of Core Natural Resources from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $101.00 to $105.00 in a research note on Tuesday, August 18th.

Core Natural Resources Stock Down 5.3%

NYSE:CNR opened at $97.24 on Friday. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 48.86 and a beta of 0.17. Core Natural Resources has a twelve month low of $70.36 and a twelve month high of $114.80. The stock's 50 day moving average price is $87.87 and its two-hundred day moving average price is $90.22. The company has a quick ratio of 1.32, a current ratio of 1.83 and a debt-to-equity ratio of 0.11.

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

Core Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources's dividend payout ratio (DPR) is presently 20.10%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CWM LLC lifted its holdings in Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company's stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Core Natural Resources by 1.7% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company's stock valued at $666,000 after purchasing an additional 126 shares during the last quarter. First Horizon Corp increased its holdings in shares of Core Natural Resources by 97.6% in the first quarter. First Horizon Corp now owns 334 shares of the energy company's stock valued at $35,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Core Natural Resources by 10.8% in the second quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company's stock valued at $146,000 after purchasing an additional 178 shares during the last quarter. Finally, Abel Hall LLC raised its position in shares of Core Natural Resources by 6.3% in the first quarter. Abel Hall LLC now owns 3,222 shares of the energy company's stock valued at $337,000 after purchasing an additional 191 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

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.

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