Evergreen Capital Management LLC Acquires Shares of 4,338 Core Natural Resources, Inc. $CNR

Key Points

• Evergreen Capital Management LLC acquired 4,338 shares of Core Natural Resources, Inc. for approximately $334,000 during the first quarter.
• The company reported a loss of $0.70 EPS for the recent quarter, significantly missing analysts' estimates of $1.31.
• Core Natural Resources is set to pay a $0.10 dividend on September 15th, with a payout ratio of 18.35% and a dividend yield of 56.0%.

Evergreen Capital Management LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,338 shares of the energy company's stock, valued at approximately $334,000.

A number of other institutional investors have also recently added to or reduced their stakes in CNR. Versant Capital Management Inc purchased a new position in Core Natural Resources during the first quarter worth approximately $25,000. SBI Securities Co. Ltd. purchased a new position in Core Natural Resources during the first quarter worth approximately $29,000. Farther Finance Advisors LLC purchased a new position in Core Natural Resources during the first quarter worth approximately $30,000. Whipplewood Advisors LLC purchased a new position in Core Natural Resources during the first quarter worth approximately $31,000. Finally, TruNorth Capital Management LLC purchased a new position in Core Natural Resources during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Price Performance

NYSE:CNR opened at $71.67 on Wednesday. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.69 billion, a P/E ratio of 32.88 and a beta of 0.76. The stock's fifty day moving average is $73.63 and its two-hundred day moving average is $72.87.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted 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 analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. Benchmark reduced their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. B. Riley reduced their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Finally, UBS Group reissued a "buy" rating and set a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Core Natural Resources has an average rating of "Moderate Buy" and an average price target of $105.80.

Core Natural Resources 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.

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