Core Natural Resources (NYSE:CNR) Trading Up 5.6% - What's Next?

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s share price shot up 5.6% during mid-day trading on Wednesday . The stock traded as high as $71.25 and last traded at $71.14. 246,543 shares changed hands 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNR. UBS Group began coverage on Core Natural Resources in a report on Wednesday. They issued a "buy" rating and a $80.00 price target on the stock. B. Riley reduced their target price on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Benchmark reduced their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $120.80.

Core Natural Resources Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.88 billion, a P/E ratio of 7.66 and a beta of 0.69. The stock has a fifty day simple moving average of $71.52 and a 200-day simple moving average of $97.81.

Core Natural Resources (NYSE:CNR - Get Free Report) last released 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). 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 for the quarter, compared to the consensus estimate of $964.15 million. Equities analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

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

Insider Activity

In related news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the sale, the director now owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. This trade represents a 39.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $9,261,000. Strs Ohio acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $1,172,000. Villanova Investment Management Co LLC acquired a new stake in Core Natural Resources in the 1st quarter valued at approximately $637,000. Intech Investment Management LLC acquired a new position in shares of Core Natural Resources during the 1st quarter worth approximately $1,743,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Core Natural Resources during the 1st quarter worth approximately $5,113,000. 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.