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

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.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) has earned an average rating of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $106.40.

CNR has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. UBS Group boosted their target price on shares of Core Natural Resources from $86.00 to $89.00 and gave the company a "buy" rating in a research note on Friday. Finally, B. Riley lowered their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd.

Core Natural Resources Trading Down 1.3%

CNR stock traded down $1.04 during mid-day trading on Friday, reaching $76.16. 1,123,762 shares of the stock traded hands, compared to its average volume of 548,884. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. Core Natural Resources has a one year low of $58.19 and a one year high of $134.59. The stock has a market capitalization of $3.92 billion, a PE ratio of 34.94 and a beta of 0.76. The business has a 50-day moving average price of $74.66 and a two-hundred day moving average price of $72.77.

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

Core Natural Resources Dividend Announcement

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

Insider Activity

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the sale, the director directly owned 23,348 shares of the company's stock, valued at $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.41% of the company's stock.

Institutional Trading of Core Natural Resources

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in Core Natural Resources in the first quarter worth about $482,793,000. State Street Corp lifted its position in shares of Core Natural Resources by 10.2% during the second quarter. State Street Corp now owns 3,169,543 shares of the energy company's stock valued at $221,044,000 after buying an additional 294,312 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Core Natural Resources during the first quarter valued at about $225,045,000. American Century Companies Inc. purchased a new stake in shares of Core Natural Resources during the first quarter valued at about $123,526,000. Finally, Geode Capital Management LLC lifted its position in shares of Core Natural Resources by 1.7% during the second quarter. Geode Capital Management LLC now owns 1,237,486 shares of the energy company's stock valued at $86,318,000 after buying an additional 20,541 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other 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.