Core Natural Resources (NYSE:CNR) Shares Gap Down - Time to Sell?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $67.84, but opened at $65.55. Core Natural Resources shares last traded at $65.67, with a volume of 206,920 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CNR shares. UBS Group started coverage on Core Natural Resources in a research report on Wednesday, June 11th. They set a "buy" rating and a $80.00 price target on the stock. B. Riley lowered their target price on 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. Finally, Benchmark reduced their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.80.

Core Natural Resources Trading Down 6.0%

The business has a 50-day moving average of $71.16 and a 200-day moving average of $90.37. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 13.55 and a beta of 0.69.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly 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 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, research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

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

Institutional Investors Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its position in Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock worth $35,000 after purchasing an additional 170 shares during the period. Versant Capital Management Inc acquired a new position in Core Natural Resources during the first quarter valued at approximately $25,000. Finally, SBI Securities Co. Ltd. acquired a new position in Core Natural Resources during the first quarter valued at approximately $29,000. 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.