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

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) has earned an average recommendation of "Buy" from the five ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $120.40.

A number of brokerages have recently issued reports on CNR. UBS Group dropped their price objective on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday. B. Riley cut their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Benchmark lowered 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.

Core Natural Resources Trading Down 0.6%

NYSE CNR opened at $72.78 on Friday. The firm has a market capitalization of $3.83 billion, a PE ratio of 15.04 and a beta of 0.68. The business's 50-day moving average price is $70.89 and its two-hundred day moving average price is $88.60. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. Core Natural Resources has a 12 month low of $58.19 and a 12 month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates 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 expect that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently disclosed 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 was Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio is 8.26%.

Hedge Funds Weigh In On Core Natural Resources

Large investors have recently modified their holdings of the company. Yousif Capital Management LLC bought a new stake in shares of Core Natural Resources during the first quarter worth about $1,419,000. Janney Montgomery Scott LLC bought a new stake in Core Natural Resources during the 1st quarter worth approximately $2,938,000. State of Alaska Department of Revenue bought a new stake in Core Natural Resources during the 1st quarter worth approximately $2,167,000. Avior Wealth Management LLC purchased a new stake in shares of Core Natural Resources in the first quarter worth approximately $306,000. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Core Natural Resources in the first quarter valued at approximately $2,048,000. 86.54% of the stock is currently owned by institutional investors.

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 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.