Core Natural Resources (NYSE:CNR) Stock Price Up 5.6% - Time to Buy?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s share price traded up 5.6% during mid-day trading on Wednesday . The company traded as high as $71.25 and last traded at $71.14. 246,543 shares were traded during mid-day trading, a decline of 75% from the average session volume of 991,251 shares. The stock had previously closed at $67.38.

Analysts Set New Price Targets

CNR has been the subject of several recent research reports. B. Riley reduced their price objective on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Benchmark reduced their target price 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, UBS Group assumed coverage on shares of Core Natural Resources in a research report on Wednesday. They set a "buy" rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $120.80.

Core Natural Resources Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The stock's fifty day moving average price is $71.31 and its 200-day moving average price is $99.75. The firm has a market cap of $3.74 billion, a PE ratio of 7.39 and a beta of 0.69.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. As a group, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Insider Buying and Selling

In other news, Director Holly K. Koeppel sold 8,815 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company's stock, valued at $1,005,104.40. This represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Core Natural Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after buying an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Core Natural Resources in the fourth quarter worth $26,000. Jones Financial Companies Lllp grew its position in shares of Core Natural Resources by 226.7% during the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after buying an additional 170 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Core Natural Resources during the first quarter worth about $25,000. Finally, SBI Securities Co. Ltd. bought a new position in Core Natural Resources in the first quarter worth about $29,000. 86.54% of the stock is currently owned by hedge funds and other 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.