Nexpoint Asset Management L.P. Buys New Shares in Core Natural Resources, Inc. $CNR

Key Points

• Nexpoint Asset Management L.P. purchased 5,368 shares of Core Natural Resources, Inc. (NYSE:CNR) valued at approximately $414,000 in the first quarter.
• Core Natural Resources announced a dividend of $0.10 per share, representing a yield of 56.0%, with the pay date on September 15th.
• Equity analysts have a consensus rating of "Moderate Buy" on CNR, with price targets ranging from $78.00 to $110.00.

Nexpoint Asset Management L.P. bought 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 institutional investor bought 5,368 shares of the energy company's stock, valued at approximately $414,000.

Several other institutional investors have also recently added to or reduced their stakes in CNR. Versant Capital Management Inc acquired a new position in Core Natural Resources in the first quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources in the first quarter valued at $29,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources in the first quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in Core Natural Resources in the first quarter valued at $31,000. Finally, TruNorth Capital Management LLC purchased a new stake in Core Natural Resources during the first quarter valued at about $33,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Core Natural Resources Price Performance

CNR stock opened at $70.84 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59. The stock has a 50-day simple moving average of $73.77 and a 200-day simple moving average of $72.80. The firm has a market cap of $3.65 billion, a P/E ratio of 32.50 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. On average, equities analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date of this dividend is Friday, August 29th. Core Natural Resources's dividend payout ratio (DPR) 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.

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