Core Natural Resources (NYSE:CNR) Now Covered by Analysts at UBS Group

UBS Group initiated coverage on shares of Core Natural Resources (NYSE:CNR - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm set a "buy" rating and a $80.00 price target on the energy company's stock. UBS Group's price target would indicate a potential upside of 12.22% from the stock's previous close.

A number of other research firms have also recently issued reports on CNR. Benchmark dropped their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. B. Riley decreased their target price on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.80.

Core Natural Resources Trading Down 0.2%

Shares of CNR stock traded down $0.17 during trading hours on Wednesday, reaching $71.29. 236,135 shares of the stock were exchanged, compared to its average volume of 991,708. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 7.42 and a beta of 0.69. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $134.59. The company's 50-day moving average price is $71.31 and its 200-day moving average price is $99.75. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($3.12). The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. As a group, equities analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current year.

Insiders Place Their Bets

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the transaction, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. This represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Core Natural Resources

Several hedge funds have recently modified their holdings of CNR. Vanguard Group Inc. bought a new position in Core Natural Resources in the first quarter worth approximately $482,793,000. Dimensional Fund Advisors LP purchased a new position in shares of Core Natural Resources in the 1st quarter valued at $225,045,000. American Century Companies Inc. bought a new position in shares of Core Natural Resources in the 1st quarter worth $123,526,000. Charles Schwab Investment Management Inc. bought a new position in shares of Core Natural Resources in the 1st quarter worth $48,630,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Core Natural Resources during the 1st quarter worth $42,950,000. Hedge funds and other institutional investors 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.