Core Natural Resources, Inc. (NYSE:CNR) Receives $120.40 Consensus Target Price from Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been given an average recommendation of "Buy" by the five research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $120.40.

Several analysts have weighed in on the company. Benchmark cut their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. B. Riley cut their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, UBS Group cut their price objective on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd.

Hedge Funds Weigh In On Core Natural Resources

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in shares of Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after purchasing an additional 170 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Core Natural Resources during the first quarter valued at approximately $25,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Core Natural Resources during the first quarter valued at approximately $29,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Trading Down 0.5%

Shares of NYSE CNR traded down $0.33 during trading hours on Friday, hitting $69.14. The company's stock had a trading volume of 497,835 shares, compared to its average volume of 950,156. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 14.29 and a beta of 0.68. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $134.59. The business has a 50-day simple moving average of $70.64 and a 200-day simple moving average of $87.50.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($3.12). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. On average, analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's payout ratio is 8.26%.

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.