Core Natural Resources, Inc. (NYSE:CNR) Receives Average Rating of "Buy" from Brokerages

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) has earned an average rating of "Buy" from the five research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $120.80.

CNR has been the subject of several research analyst reports. UBS Group started coverage on shares of Core Natural Resources in a research report on Wednesday. They issued a "buy" rating and a $80.00 target price for the company. B. Riley lowered their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Benchmark lowered their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th.

Insiders Place Their Bets

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now directly owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.41% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CNR. Versant Capital Management Inc bought a new stake in shares of Core Natural Resources in the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Core Natural Resources in the first quarter worth approximately $29,000. Farther Finance Advisors LLC bought a new stake in shares of Core Natural Resources in the first quarter worth approximately $30,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after acquiring an additional 100 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Trading Up 3.5%

Shares of NYSE:CNR traded up $2.48 on Wednesday, hitting $73.60. The company had a trading volume of 1,423,864 shares, compared to its average volume of 1,002,603. The firm's 50-day simple moving average is $71.52 and its two-hundred day simple moving average is $97.81. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $134.59. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 7.66 and a beta of 0.69.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. Equities analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

About Core Natural Resources

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.