Core Natural Resources (NYSE:CNR) Upgraded at Zacks Research

Key Points

• Core Natural Resources was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating, reflecting improved analyst sentiment.
• Core Natural Resources' stock has seen a price increase of 4.9%, with a current price opening at $92.79, while the average target price set by analysts is $106.40.
• The company reported a loss of $0.70 earnings per share for the previous quarter, missing expectations significantly, despite revenues surpassing estimates at $1.10 billion.

Core Natural Resources (NYSE:CNR - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on CNR. Weiss Ratings restated a "hold (c)" rating on shares of Core Natural Resources in a research note on Saturday, September 27th. UBS Group raised their price objective on Core Natural Resources from $86.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. B. Riley cut their target price on 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. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $78.00 target price (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $106.40.

Core Natural Resources Stock Up 4.9%

CNR stock opened at $92.79 on Monday. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.78 billion, a P/E ratio of 42.56 and a beta of 0.70. The firm has a 50 day simple moving average of $76.34 and a 200-day simple moving average of $73.73.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data 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). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. On average, equities research analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Insider Activity at Core Natural Resources

In other news, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the transaction, the director directly owned 23,348 shares of the company's stock, valued at $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard A. Navarre sold 5,000 shares of Core Natural Resources stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the transaction, the director directly owned 21,830 shares in the company, valued at approximately $1,794,426. This trade represents a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.02% of the company's stock.

Institutional Investors Weigh In On Core Natural Resources

Several institutional investors have recently made changes to their positions in CNR. Rhumbline Advisers acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $9,261,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $30,000. Yousif Capital Management LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $1,419,000. GAMMA Investing LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $97,000. Finally, SummerHaven Investment Management LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $597,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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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