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

Stock analysts at UBS Group assumed coverage on shares of Core Natural Resources (NYSE:CNR - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set a "buy" rating and a $80.00 price target on the energy company's stock. UBS Group's price objective would indicate a potential upside of 8.70% from the company's current price.

CNR has been the topic of several other research reports. Benchmark dropped their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. B. Riley dropped their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.80.

Core Natural Resources Trading Up 3.5%

Shares of NYSE:CNR traded up $2.48 during mid-day trading on Wednesday, hitting $73.60. The stock had a trading volume of 1,423,864 shares, compared to its average volume of 1,002,603. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The company has a market cap of $3.88 billion, a PE ratio of 7.66 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 is $71.52 and its 200-day moving average is $97.81.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion during 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%. On average, sell-side analysts predict that Core Natural Resources will post 11.4 EPS for the current year.

Insider Activity at Core Natural Resources

In other news, Director Holly K. Koeppel sold 8,815 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the transaction, the director now owns 13,348 shares in the company, valued at $1,005,104.40. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of Core Natural Resources in the first quarter worth $482,793,000. Dimensional Fund Advisors LP bought a new stake in shares of Core Natural Resources in the first quarter worth $225,045,000. American Century Companies Inc. bought a new stake in shares of Core Natural Resources in the first quarter worth $123,526,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Core Natural Resources in the first quarter worth $48,630,000. Finally, Victory Capital Management Inc. bought a new stake in Core Natural Resources during the first quarter worth $42,950,000. 86.54% of the stock is currently owned by institutional investors.

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.