Core Natural Resources (NYSE:CNR) Stock Price Up 10.1% - What's Next?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price traded up 10.1% during trading on Tuesday . The stock traded as high as $85.41 and last traded at $85.15. 349,775 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 985,441 shares. The stock had previously closed at $77.33.

Analyst Upgrades and Downgrades

CNR has been the subject of a number of recent research reports. UBS Group lowered their price target on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Benchmark lowered 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. Finally, B. Riley lowered their price target on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Core Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of $118.60.

Core Natural Resources Stock Up 8.2%

The firm's 50-day moving average is $70.95 and its 200 day moving average is $83.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. The firm has a market capitalization of $4.41 billion, a PE ratio of 17.29 and a beta of 0.68.

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

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.10 per share. 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 currently 8.26%.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Hudson Value Partners LLC bought a new stake in shares of Core Natural Resources during the second quarter valued at approximately $449,000. SummerHaven Investment Management LLC raised its stake in shares of Core Natural Resources by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company's stock valued at $554,000 after acquiring an additional 190 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Core Natural Resources by 5.8% during the second quarter. State of Alaska Department of Revenue now owns 29,755 shares of the energy company's stock valued at $2,074,000 after buying an additional 1,642 shares during the period. Accurate Wealth Management LLC increased its holdings in Core Natural Resources by 17.9% during the second quarter. Accurate Wealth Management LLC now owns 19,196 shares of the energy company's stock valued at $1,390,000 after buying an additional 2,920 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in Core Natural Resources by 71.0% during the second quarter. Confluence Investment Management LLC now owns 15,124 shares of the energy company's stock valued at $1,055,000 after buying an additional 6,280 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

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