Core Natural Resources (NYSE:CNR) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Zacks Research downgraded Core Natural Resources from a "hold" to a "strong sell," while other analysts remain mixed (some sells and some buys), leaving a consensus rating of Hold and a consensus price target of $111.38.
• Core reported a Q4 EPS of -$1.54, missing the consensus of -$0.78 by $0.76, while revenue beat at $1.04 billion (up 81.8% year-over-year).
• The stock opened at $86.99 (trading down ~2.2%), with a market cap of $4.43 billion and a 52-week range of $58.19 to $103.50.

Core Natural Resources (NYSE:CNR - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also commented on CNR. Wall Street Zen lowered Core Natural Resources from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Core Natural Resources in a research note on Monday, December 29th. Finally, Benchmark reissued a "buy" rating on shares of Core Natural Resources in a research note on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Core Natural Resources presently has an average rating of "Hold" and a consensus price target of $111.38.

Core Natural Resources Trading Down 2.2%

Core Natural Resources stock opened at $86.99 on Thursday. The stock has a market cap of $4.43 billion, a PE ratio of -28.90 and a beta of 0.34. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $103.50. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $91.98 and a 200 day moving average price of $85.32.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The business's quarterly revenue was up 81.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. Equities research analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Institutional Trading of Core Natural Resources

A number of large investors have recently modified their holdings of CNR. Triumph Capital Management acquired a new position in Core Natural Resources during the 3rd quarter worth $25,000. AdvisorNet Financial Inc boosted its stake in shares of Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company's stock worth $26,000 after acquiring an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock worth $29,000 after buying an additional 191 shares during the period. CWM LLC raised its position in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company's stock valued at $30,000 after buying an additional 106 shares during the period. Finally, Salomon & Ludwin LLC acquired a new position in Core Natural Resources in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.