Core Natural Resources (NYSE:CNR) CAO Sells $95,000.00 in Stock

Key Points

• Core Natural Resources' CAO, John Rothka, sold 1,000 shares of the company's stock for a total of $95,000, representing an 8.84% decrease in his ownership.
• The company reported a negative earnings per share of ($0.70) for the last quarter, missing analyst expectations of $1.31, although revenue surpassed predictions at $1.10 billion.
• Analysts have varied outlooks on the stock, with recommendations ranging from "buy" to "hold," resulting in an average target price of approximately $119.10.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) CAO John Rothka sold 1,000 shares of the business's stock in a transaction dated Wednesday, October 8th. The stock was 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 in the company, valued at $979,165. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Core Natural Resources Stock Down 0.3%

NYSE:CNR traded down $0.25 during mid-day trading on Friday, hitting $97.50. The stock had a trading volume of 901,079 shares, compared to its average volume of 932,433. The stock has a 50-day simple moving average of $77.31 and a two-hundred day simple moving average of $74.06. The company has a market capitalization of $5.02 billion, a PE ratio of 44.77 and a beta of 0.70. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. 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 announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. On average, equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given 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 payout ratio is 18.35%.

Institutional Trading of Core Natural Resources

A number of institutional investors have recently modified their holdings of CNR. Vanguard Group Inc. acquired a new position in Core Natural Resources during the first quarter worth approximately $482,793,000. State Street Corp grew its position in 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 worth $221,044,000 after buying an additional 294,312 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Core Natural Resources during the first quarter worth approximately $225,045,000. American Century Companies Inc. bought a new stake in Core Natural Resources during the first quarter worth $123,526,000. Finally, Geode Capital Management LLC lifted its stake in 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 worth $86,318,000 after purchasing an additional 20,541 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNR shares. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from $90.00 to $125.00 in a research report on Friday. B. Riley lowered their price target on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. UBS Group upped their price objective on Core Natural Resources from $89.00 to $105.50 and gave the stock a "buy" rating in a research note on Wednesday. Zacks Research upgraded Core Natural Resources from a "strong sell" rating to a "hold" rating in a research note on Monday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Core Natural Resources in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $119.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.