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

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $119.10.

A number of research analysts recently weighed in on CNR shares. B. Riley decreased their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of Core Natural Resources in a research note on Wednesday, October 8th. UBS Group raised their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of Core Natural Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from $90.00 to $125.00 in a research note on Friday. Finally, Zacks Research raised shares of Core Natural Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th.

Insiders Place Their Bets

In other news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the chief accounting officer owned 10,307 shares of the company's stock, valued at approximately $979,165. The trade was a 8.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the sale, the director directly owned 23,348 shares in the company, valued at approximately $1,799,430.36. The trade was a 11.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,043 shares of company stock valued at $740,524 in the last ninety days. 2.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Core Natural Resources

Several institutional investors have recently made changes to their positions in CNR. Farther Finance Advisors LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $30,000. Yousif Capital Management LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter valued at approximately $1,419,000. GAMMA Investing LLC acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $97,000. Ritholtz Wealth Management acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $897,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $2,938,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Trading Up 3.7%

Shares of Core Natural Resources stock opened at $100.03 on Tuesday. The firm has a market capitalization of $5.15 billion, a PE ratio of 45.88 and a beta of 0.70. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59. The firm's 50-day moving average price is $78.25 and its 200 day moving average price is $74.30. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results 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). 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, sell-side analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

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

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