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

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) has earned a consensus rating of "Buy" from the five analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $120.80.

CNR has been the subject of a number of research reports. Benchmark reduced their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. B. Riley dropped their price target 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 began coverage on Core Natural Resources in a research report on Wednesday. They set a "buy" rating and a $80.00 price objective for the company.

Core Natural Resources Stock Performance

Shares of NYSE CNR traded down $0.21 during trading hours on Wednesday, reaching $71.25. The stock had a trading volume of 254,209 shares, compared to its average volume of 991,806. The firm has a 50-day moving average of $71.31 and a 200-day moving average of $99.75. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 7.41 and a beta of 0.69. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $134.59.

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

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 0.57%. Core Natural Resources's dividend payout ratio (DPR) is 8.26%.

Insider Buying and Selling

In related news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the transaction, the director now owns 13,348 shares of the company's stock, valued at $1,005,104.40. This represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Core Natural Resources

A number of large investors have recently made changes to their positions in CNR. Smartleaf Asset Management LLC grew its position in Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after buying an additional 100 shares during the period. EverSource Wealth Advisors LLC purchased a new position in Core Natural Resources in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its stake in Core Natural Resources by 226.7% in the 4th 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 in the last quarter. Versant Capital Management Inc acquired a new position in Core Natural Resources during the first quarter worth $25,000. Finally, SBI Securities Co. Ltd. acquired a new position in Core Natural Resources during the first quarter worth $29,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

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.