Core Natural Resources (NYSE:CNR) Stock Price Up 7.4% - Still a Buy?

Key Points

• Core Natural Resources (NYSE:CNR) stock rose 7.4% to $83.00, despite experiencing a 19% decline in trading volume from its average session.
• Analysts show a mixed outlook on the stock; UBS raised its price target to $89.00, while Jefferies maintained a hold rating of $78.00.
• The company announced a dividend of $0.10 per share, resulting in a significant dividend yield of 56.0% with a low payout ratio of 18.35%.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s stock price shot up 7.4% during trading on Wednesday . The stock traded as high as $83.55 and last traded at $83.00. 747,611 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 922,633 shares. The stock had previously closed at $77.27.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CNR shares. UBS Group upped their price objective on Core Natural Resources from $86.00 to $89.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Jefferies Financial Group reiterated a "hold" rating and issued a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Finally, B. Riley cut their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.40.

Core Natural Resources Stock Up 7.2%

The stock has a market cap of $4.27 billion, a PE ratio of 38.01 and a beta of 0.76. The business has a 50 day moving average of $74.73 and a 200-day moving average of $72.87. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.04 billion. Equities research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources's payout ratio is presently 18.35%.

Insider Transactions at Core Natural Resources

In related news, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources 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 sale, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.02% of the company's stock.

Institutional Trading of Core Natural Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new position in Core Natural Resources in the 1st quarter valued at $25,000. SBI Securities Co. Ltd. purchased a new stake in Core Natural Resources in the first quarter valued at approximately $29,000. 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 worth $29,000 after purchasing an additional 191 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Core Natural Resources in the 1st quarter valued at $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter valued at $31,000. Hedge funds and other institutional investors 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.

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