Core Natural Resources (NYSE:CNR) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Zacks Research upgraded Core Natural Resources from “hold” to “strong buy,” while the broader analyst consensus remains “buy” with a $112.50 price target.
• Core Natural Resources reported quarterly EPS of $2.51, beating estimates of $0.60, and revenue of $1.14 billion, ahead of the $1.11 billion consensus.
• The stock opened at $94.76, with a market capitalization of $4.70 billion; institutional investors and hedge funds own approximately 86.54% of outstanding shares.

Core Natural Resources (NYSE:CNR - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts have also commented on CNR. Weiss Ratings raised shares of Core Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. Wall Street Zen raised Core Natural Resources from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. UBS Group cut their price objective on Core Natural Resources from $107.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Finally, B. Riley Financial reissued a "buy" rating on shares of Core Natural Resources in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $112.50.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock opened at $94.76 on Tuesday. Core Natural Resources has a 52 week low of $68.78 and a 52 week high of $114.80. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.70 billion, a PE ratio of 47.62 and a beta of 0.14. The company's 50-day moving average price is $84.84 and its two-hundred day moving average price is $89.73.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. As a group, sell-side analysts anticipate that Core Natural Resources will post 2.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Core Natural Resources

Large investors have recently made changes to their positions in the company. Triumph Capital Management acquired a new position in Core Natural Resources in the 3rd quarter worth approximately $25,000. First Horizon Corp increased its stake in Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company's stock valued at $35,000 after buying an additional 165 shares during the period. CWM LLC lifted its position in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company's stock worth $30,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock valued at $29,000 after buying an additional 191 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Core Natural Resources during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 86.54% of the company's stock.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.

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