Core Natural Resources (NYSE:CNR) Stock Price Down 5.6% - What's Next?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price fell 5.6% during mid-day trading on Friday . The company traded as low as $70.40 and last traded at $70.64. 501,886 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 989,706 shares. The stock had previously closed at $74.87.

Wall Street Analyst Weigh In

Several research firms have weighed in on CNR. Benchmark cut their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. B. Riley lowered their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, UBS Group assumed coverage on Core Natural Resources in a research note on Wednesday, June 11th. They issued a "buy" rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.80.

Core Natural Resources Trading Down 0.1%

The business's 50 day simple moving average is $71.83 and its two-hundred day simple moving average is $93.99. The stock has a market cap of $3.66 billion, a P/E ratio of 14.38 and a beta of 0.69. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.10 per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources's payout ratio is 8.26%.

Insider Transactions at Core Natural Resources

In related news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the transaction, the director now directly owns 13,348 shares of the company's stock, valued at $1,005,104.40. This trade represents a 39.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.02% of the company's stock.

Hedge Funds Weigh In On Core Natural Resources

A number of hedge funds have recently made changes to their positions in CNR. Yousif Capital Management LLC bought a new stake in Core Natural Resources in the first quarter valued at approximately $1,419,000. Confluence Investment Management LLC acquired a new position in shares of Core Natural Resources in the 1st quarter worth approximately $682,000. Ritholtz Wealth Management bought a new stake in shares of Core Natural Resources in the 1st quarter valued at $897,000. New York Life Investment Management LLC acquired a new stake in shares of Core Natural Resources during the fourth quarter worth $3,991,000. Finally, GAMMA Investing LLC bought a new position in Core Natural Resources during the first quarter worth $7,472,000. 86.54% of the stock is currently owned by institutional investors.

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.