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

Key Points

• Core Natural Resources, Inc. (NYSE:CNR) has received a consensus rating of “Moderate Buy” from five brokerages, with one analyst rating it a hold and four rating it a buy.
• The company recently declared a $0.10 per share dividend, representing a dividend yield of 56.0%, with the payout ratio currently at 18.35%.
• Core Natural Resources reported a significant earnings miss, with earnings per share of ( $0.70), falling short of analysts' expectations of $1.31.

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been given an average rating of "Moderate Buy" by the five research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $106.40.

A number of equities research analysts have recently weighed in on CNR shares. Jefferies Financial Group reissued a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. B. Riley reduced their target price on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, UBS Group upped their price target on Core Natural Resources from $86.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday.

Insider Buying and Selling at Core Natural Resources

In other news, Director Patrick A. Kriegshauser sold 3,043 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the completion of the transaction, the director owned 23,348 shares in the company, valued at $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.02% of the stock is currently owned by insiders.

Institutional Trading of Core Natural Resources

Several institutional investors and hedge funds have recently modified their holdings of CNR. Principal Financial Group Inc. purchased a new position in Core Natural Resources in the first quarter worth $20,894,000. Amalgamated Bank purchased a new position in Core Natural Resources in the first quarter worth $1,120,000. Vanguard Group Inc. purchased a new position in Core Natural Resources in the first quarter worth $482,793,000. Corebridge Financial Inc. purchased a new position in Core Natural Resources in the first quarter worth $2,112,000. Finally, Yousif Capital Management LLC purchased a new position in Core Natural Resources in the first quarter worth $1,419,000. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Stock Performance

NYSE:CNR traded down $1.01 during trading hours on Friday, reaching $75.01. The stock had a trading volume of 681,699 shares, compared to its average volume of 567,270. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The stock has a 50 day simple moving average of $74.66 and a 200 day simple moving average of $72.84. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $134.59. The stock has a market cap of $3.86 billion, a P/E ratio of 34.41 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. On average, research analysts forecast that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources's dividend payout ratio (DPR) is currently 18.35%.

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.