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

Key Points

• Analysts have a consensus "Moderate Buy" on Core Natural Resources (6 brokers: 4 buy, 1 hold, 1 sell) with an average 1‑year price target of $113.75 versus a recent share price near $87.11.
• Insiders have been net sellers, disposing of a total of 51,560 shares worth about $5.12M over the last three months, leaving insiders with 2.49% ownership.
• Recent results showed a notable earnings miss—reporting ($1.54) EPS versus a ($0.78) estimate—while revenue rose ~81.8% year‑over‑year and the company still posts negative net margin and ROE.

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $113.75.

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Core Natural Resources from a "hold" rating to a "sell" rating in a research note on Saturday, April 11th. B. Riley Financial reaffirmed a "buy" rating on shares of Core Natural Resources in a research note on Thursday. Weiss Ratings downgraded shares of Core Natural Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. UBS Group lifted their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Finally, Zacks Research raised shares of Core Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th.

Insider Transactions at Core Natural Resources

In other news, CAO John Rothka sold 1,000 shares of the business's stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total transaction of $97,660.00. Following the completion of the sale, the chief accounting officer directly owned 5,190 shares of the company's stock, valued at $506,855.40. The trade was a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard A. Navarre sold 6,000 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, the director directly owned 18,034 shares of the company's stock, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,560 shares of company stock valued at $5,118,890 over the last three months. Corporate insiders own 2.49% of the company's stock.

Institutional Investors Weigh In On Core Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Magnolia Group LLC increased its position in shares of Core Natural Resources by 2.4% during the third quarter. Magnolia Group LLC now owns 732,000 shares of the energy company's stock worth $61,107,000 after acquiring an additional 17,500 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Core Natural Resources during the third quarter worth about $4,369,000. Victory Capital Management Inc. boosted its holdings in Core Natural Resources by 2.2% during the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company's stock worth $47,838,000 after purchasing an additional 12,515 shares during the last quarter. Old West Investment Management LLC purchased a new position in Core Natural Resources during the third quarter worth about $8,724,000. Finally, Krilogy Financial LLC purchased a new position in Core Natural Resources during the third quarter worth about $1,031,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Trading Down 2.9%

CNR opened at $87.11 on Friday. Core Natural Resources has a 1-year low of $63.36 and a 1-year high of $114.80. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.42 billion, a P/E ratio of -28.94 and a beta of 0.14. The company has a fifty day moving average price of $94.77 and a two-hundred day moving average price of $90.24.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. During the same period last year, the firm posted $1.04 earnings per share. The company's revenue for the quarter was up 81.8% on a year-over-year basis. Analysts predict that Core Natural Resources will post 2.1 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Core Natural Resources's payout ratio is presently -13.29%.

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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