Chicago Partners Investment Group LLC Makes New $1.06 Million Investment in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Chicago Partners Investment Group LLC has acquired a new stake in Core Natural Resources, Inc., purchasing 14,098 shares valued at approximately $1,061,000.
• The company recently reported a quarterly loss of ($0.70) earnings per share, missing the consensus estimate by ($2.01), even though it exceeded revenue expectations with $1.10 billion in revenue.
• Analysts have updated their price targets for the stock, with UBS Group raising its target from $78.00 to $86.00, while the average price target is now $105.80.

Chicago Partners Investment Group LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,098 shares of the energy company's stock, valued at approximately $1,061,000.

Several other institutional investors have also made changes to their positions in CNR. Advisory Services Network LLC bought a new stake in shares of Core Natural Resources in the fourth quarter valued at approximately $756,000. Marshall Wace LLP bought a new stake in Core Natural Resources during the fourth quarter worth $884,000. Price T Rowe Associates Inc. MD bought a new stake in Core Natural Resources during the fourth quarter worth $28,790,000. Public Employees Retirement Association of Colorado bought a new stake in Core Natural Resources during the fourth quarter worth $345,000. Finally, Captrust Financial Advisors bought a new stake in Core Natural Resources during the fourth quarter worth $241,000. 86.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNR. UBS Group restated a "buy" rating and set a $86.00 target price (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Benchmark cut their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Jefferies Financial Group restated a "hold" rating and set a $78.00 target price (up 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 Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Price Performance

Shares of NYSE:CNR traded down $2.18 during trading on Wednesday, hitting $74.52. 336,426 shares of the company were exchanged, compared to its average volume of 970,124. The business's 50 day moving average is $73.03 and its 200-day moving average is $76.91. The company has a market capitalization of $3.84 billion, a P/E ratio of 34.18 and a beta of 0.66. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. Equities analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.10 dividend. This represents a yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio is presently 18.35%.

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.