Core Natural Resources (NYSE:CNR) Trading 5.9% Higher - Should You Buy?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) traded up 5.9% on Wednesday . The company traded as high as $69.86 and last traded at $69.10. 163,272 shares changed hands during trading, a decline of 84% from the average session volume of 1,000,751 shares. The stock had previously closed at $65.27.

Analyst Ratings Changes

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

Core Natural Resources Trading Up 12.0%

The firm has a market capitalization of $3.85 billion, a P/E ratio of 15.11 and a beta of 0.68. 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 firm has a 50 day moving average of $70.98 and a 200-day moving average of $90.20.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced 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 company had revenue of $1.02 billion during 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%. On average, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds have recently bought and sold shares of CNR. Confluence Investment Management LLC lifted its holdings in shares of Core Natural Resources by 71.0% during the 2nd quarter. Confluence Investment Management LLC now owns 15,124 shares of the energy company's stock worth $1,055,000 after acquiring an additional 6,280 shares during the period. Voya Investment Management LLC acquired a new position in Core Natural Resources during the first quarter valued at approximately $1,089,000. Rhumbline Advisers bought a new stake in Core Natural Resources during the first quarter worth $9,261,000. Strs Ohio acquired a new stake in shares of Core Natural Resources in the 1st quarter valued at $1,172,000. Finally, Villanova Investment Management Co LLC bought a new position in shares of Core Natural Resources in the 1st quarter valued at $637,000. 86.54% of the stock is 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.