Core Natural Resources (NYSE:CNR) Shares Pass Below Fifty Day Moving Average - What's Next?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $73.60 and traded as low as $71.34. Core Natural Resources shares last traded at $74.16, with a volume of 446,789 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Benchmark reissued a "buy" rating and set a $112.00 price target on shares of Core Natural Resources in a research report on Tuesday, February 25th. Piper Sandler raised Core Natural Resources from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com started coverage on Core Natural Resources in a research report on Thursday, January 30th. They set a "hold" rating on the stock. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, B. Riley decreased their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.75.

Core Natural Resources Stock Down 0.1 %

The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.96 billion, a P/E ratio of 7.70 and a beta of 1.42. The firm has a 50-day simple moving average of $73.32 and a two-hundred day simple moving average of $118.15.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $1.44. The business had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Equities research analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.54%. Core Natural Resources's payout ratio is 4.16%.

Insider Buying and Selling

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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.41% of the stock is currently owned by company insiders.

Institutional Trading of Core Natural Resources

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after buying an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Core Natural Resources during the 4th quarter worth $26,000. Jones Financial Companies Lllp boosted its stake in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after buying an additional 170 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in Core Natural Resources by 63.8% in the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock valued at $28,000 after acquiring an additional 104 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

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.