Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price traded down 4.6% on Wednesday . The company traded as low as $96.21 and last traded at $95.35. 246,371 shares changed hands during trading, a decline of 74% from the average session volume of 934,794 shares. The stock had previously closed at $99.95.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. B. Riley lowered their target price on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and upped their price objective for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Core Natural Resources in a research note on Wednesday, October 8th. UBS Group increased their price target on Core Natural Resources from $89.00 to $105.50 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Finally, Zacks Research raised Core Natural Resources from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Core Natural Resources currently has an average rating of "Moderate Buy" and an average price target of $119.10.
Check Out Our Latest Report on Core Natural Resources
Core Natural Resources Trading Down 7.6%
The firm has a 50-day moving average of $78.68 and a 200-day moving average of $74.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The firm has a market capitalization of $4.75 billion, a P/E ratio of 42.30 and a beta of 0.70.
Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. On average, equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.
Core Natural Resources Announces Dividend
The firm also recently disclosed a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a $0.10 dividend. This represents a dividend yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources's dividend payout ratio (DPR) is currently 18.35%.
Insider Activity
In other news, Director Patrick A. Kriegshauser sold 3,043 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the transaction, the director owned 23,348 shares in the company, valued at $1,799,430.36. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John Rothka sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the chief accounting officer owned 10,307 shares of the company's stock, valued at approximately $979,165. The trade was a 8.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,043 shares of company stock worth $740,524 in the last quarter. 2.02% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its stake in Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company's stock valued at $26,000 after buying an additional 284 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Core Natural Resources during the first quarter valued at $29,000. Farther Finance Advisors LLC purchased a new position in Core Natural Resources during the first quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock valued at $29,000 after buying an additional 191 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in Core Natural Resources during the first quarter valued at $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.
Core Natural Resources Company Profile
(
Get Free Report)
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.
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