73,587 Shares in Core Natural Resources, Inc. (NYSE:CNR) Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. invested approximately $5.67 million in Core Natural Resources, acquiring 73,587 shares and representing about 0.14% of the company.
• Core Natural Resources recently posted a significant earnings miss with a reported EPS of ($0.70), falling short of the consensus estimate of $1.31, despite achieving revenue of $1.10 billion.
• Analysts maintain a moderate buy consensus on Core Natural Resources with a target price of $105.80, supported by several research firms reissuing buy ratings.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 73,587 shares of the energy company's stock, valued at approximately $5,674,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of Core Natural Resources as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CNR. Vanguard Group Inc. purchased a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $482,793,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $48,630,000. Victory Capital Management Inc. purchased a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $42,950,000. Bank of New York Mellon Corp purchased a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $30,034,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Core Natural Resources during the 1st quarter worth approximately $23,003,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

CNR has been the subject of several research analyst reports. Jefferies Financial Group restated a "hold" rating and set a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Benchmark reduced their price objective on shares of 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. UBS Group reiterated a "buy" rating and issued a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, B. Riley reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.80.

Core Natural Resources Price Performance

NYSE:CNR traded down $3.60 during mid-day trading on Friday, hitting $71.17. 1,352,367 shares of the stock traded hands, compared to its average volume of 841,688. The business's 50-day moving average price is $73.43 and its 200 day moving average price is $75.63. The company has a market cap of $3.66 billion, a PE ratio of 32.65 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 12-month low of $58.19 and a 12-month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly 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). The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. On average, analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a dividend yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's payout ratio is 18.35%.

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.