Core Natural Resources, Inc. (NYSE:CNR) Receives $105.80 Consensus Price Target from Analysts

Key Points

• Core Natural Resources, Inc. (NYSE:CNR) has a consensus rating of "Moderate Buy" from five brokerages, with an average 12-month target price of $105.80.
• The company reported a loss of $0.70 EPS in its latest earnings, significantly missing analysts' expectations of $1.31 EPS, despite revenue of $1.10 billion exceeding the consensus estimate.
• Core Natural Resources is set to pay a $0.10 dividend on September 15th, with a dividend yield of 56.0% and a payout ratio of 18.35%.

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $105.80.

A number of brokerages recently weighed in on CNR. Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. B. Riley reduced their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. UBS Group restated a "buy" rating and set a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, Benchmark reduced their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th.

Institutional Investors Weigh In On Core Natural Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Core Natural Resources during the first quarter worth approximately $482,793,000. State Street Corp increased its holdings in shares of Core Natural Resources by 10.2% during the second quarter. State Street Corp now owns 3,169,543 shares of the energy company's stock worth $221,044,000 after purchasing an additional 294,312 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Core Natural Resources during the first quarter worth approximately $225,045,000. American Century Companies Inc. bought a new position in shares of Core Natural Resources during the first quarter worth approximately $123,526,000. Finally, Geode Capital Management LLC increased its holdings in shares of Core Natural Resources by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company's stock worth $86,318,000 after purchasing an additional 20,541 shares during the period. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Trading Up 2.1%

Shares of Core Natural Resources stock traded up $1.55 on Monday, hitting $74.39. 643,849 shares of the company's stock traded hands, compared to its average volume of 756,832. The firm's 50-day moving average price is $73.46 and its two-hundred day moving average price is $73.00. The stock has a market capitalization of $3.83 billion, a PE ratio of 34.12 and a beta of 0.66. Core Natural Resources has a one year low of $58.19 and a one year high of $134.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.78 and a quick ratio of 1.25.

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

Core Natural Resources Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a dividend of $0.10 per share. This represents a dividend yield of 56.0%. The ex-dividend date is Friday, August 29th. Core Natural Resources's dividend payout ratio is currently 18.35%.

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.