Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $112.50.

Several brokerages recently commented on CNR. B. Riley Financial reaffirmed a "buy" rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Core Natural Resources from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Core Natural Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, June 23rd. Zacks Research raised Core Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, June 24th. Finally, UBS Group reduced their target price on Core Natural Resources from $107.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th.

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management purchased a new position in Core Natural Resources in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock valued at $29,000 after buying an additional 191 shares in the last quarter. CWM LLC grew its stake in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company's stock worth $30,000 after buying an additional 106 shares during the period. First Horizon Corp grew its stake in Core Natural Resources by 97.6% during the first quarter. First Horizon Corp now owns 334 shares of the energy company's stock worth $35,000 after buying an additional 165 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Core Natural Resources during the fourth quarter worth approximately $38,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Core Natural Resources Stock Up 0.2%

CNR opened at $89.77 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.83 and a quick ratio of 1.32. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 45.11 and a beta of 0.14. The business has a 50-day moving average of $84.87 and a two-hundred day moving average of $89.85. Core Natural Resources has a 12 month low of $68.78 and a 12 month high of $114.80.

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 for the quarter, topping the consensus estimate of $0.60 by $1.91. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. On average, research analysts expect that Core Natural Resources will post 2.45 earnings per share for the current year.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Monday, August 31st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources's dividend payout ratio (DPR) is -32.79%.

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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