Core Natural Resources (NYSE:CNR) Shares Down 6.1% - Should You Sell?

Key Points

• Shares fell 6.1% intraday to $84.27 on very low volume (37,495 shares), even though analysts have an average "Moderate Buy" rating and a consensus price target of $113.75.
• The company reported an EPS miss (‑$1.54 vs. ‑$0.78 expected) while revenue jumped 81.8% YoY to $1.04 billion, leaving Core Natural Resources unprofitable with negative ROE and net margin.
• Significant insider selling occurred this quarter—CEO sold 40,760 shares and insiders sold a total of 51,560 shares (~$5.12M)—while institutional investors own about 86.54% of the stock.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price fell 6.1% during mid-day trading on Friday . The stock traded as low as $86.01 and last traded at $84.2650. 37,495 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 899,237 shares. The stock had previously closed at $89.74.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CNR. Zacks Research upgraded Core Natural Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, April 20th. B. Riley Financial restated a "buy" rating on shares of Core Natural Resources in a research note on Thursday. Wall Street Zen lowered Core Natural Resources from a "hold" rating to a "sell" rating in a research note on Saturday, April 11th. Weiss Ratings lowered Core Natural Resources from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, April 20th. Finally, UBS Group upped their price objective on Core Natural Resources from $109.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $113.75.

Core Natural Resources Stock Performance

The company has a market cap of $4.37 billion, a P/E ratio of -28.67 and a beta of 0.25. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $94.77 and a two-hundred day moving average price of $90.24.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.Core Natural Resources's revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. On average, research analysts predict that Core Natural Resources, Inc. will post 2.1 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources's dividend payout ratio (DPR) is -13.29%.

Insider Transactions at Core Natural Resources

In other Core Natural Resources news, CEO James A. Brock sold 40,760 shares of the firm's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the transaction, the chief executive officer owned 100,000 shares in the company, valued at $10,115,000. This trade represents a 28.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total value of $550,200.00. Following the transaction, the director owned 18,034 shares in the company, valued at approximately $1,653,717.80. This trade represents a 24.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 51,560 shares of company stock worth $5,118,890. Company insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Core Natural Resources

Hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in Core Natural Resources during the 3rd quarter worth $25,000. First Horizon Corp increased its stake in Core Natural Resources by 97.6% during the 1st quarter. First Horizon Corp now owns 334 shares of the energy company's stock worth $35,000 after acquiring an additional 165 shares during the period. CWM LLC increased its stake in Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company's stock worth $30,000 after acquiring an additional 106 shares during the period. Salomon & Ludwin LLC bought a new position in Core Natural Resources during the 3rd quarter worth $31,000. Finally, EverSource Wealth Advisors LLC increased its stake in Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock worth $29,000 after acquiring an additional 191 shares during the period. 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

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