Core Natural Resources' (CNR) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Core Natural Resources' stock received a reaffirmed "hold (c)" rating from Weiss Ratings amid recent analyst assessments, which include targets ranging from $78.00 to $105.50.
• The company's recent earnings report showed a loss of ($0.70) per share, significantly missing estimates, despite reporting revenues of $1.10 billion.
• Institutional investors currently hold 86.54% of Core Natural Resources' stock, indicating strong market confidence and significant investment interest.

Core Natural Resources (NYSE:CNR - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently commented on the stock. Jefferies Financial Group reissued a "hold" rating and set a $78.00 price target (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Zacks Research raised shares of Core Natural Resources from a "strong sell" rating to a "hold" rating in a research note on Monday. UBS Group increased their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a "buy" rating in a research note on Wednesday. Finally, B. Riley decreased their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Core Natural Resources presently has an average rating of "Moderate Buy" and an average target price of $109.70.

Core Natural Resources Price Performance

Shares of NYSE CNR traded up $5.20 during mid-day trading on Wednesday, hitting $97.90. 2,239,589 shares of the stock were exchanged, compared to its average volume of 768,286. The company has a market cap of $5.04 billion, a P/E ratio of 44.91 and a beta of 0.70. The stock's fifty day simple moving average is $76.83 and its two-hundred day simple moving average is $73.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, analysts forecast that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the sale, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard A. Navarre sold 5,000 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the sale, the director owned 21,830 shares in the company, valued at approximately $1,794,426. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.41% of the company's stock.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new stake in Core Natural Resources in the 1st quarter valued at $482,793,000. State Street Corp grew its position in shares of Core Natural Resources by 10.2% in the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company's stock valued at $221,044,000 after acquiring an additional 294,312 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $225,045,000. American Century Companies Inc. bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $123,526,000. Finally, Geode Capital Management LLC grew its position in shares of Core Natural Resources by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company's stock valued at $86,318,000 after acquiring an additional 20,541 shares during the period. 86.54% of the stock is currently owned by institutional investors and hedge funds.

About Core Natural Resources

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 instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.