Core Natural Resources (NYSE:CNR) Receives Hold Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised its price target for Core Natural Resources (NYSE:CNR) from $67.00 to $78.00, maintaining a "hold" rating despite indicating a potential downside from the current price.
• The stock has a consensus rating of Moderate Buy from analysts, with an average target price of $104.20, influenced by additional revisions from other institutions like UBS and B. Riley.
• Core Natural Resources reported a quarterly earnings miss with an EPS of ($0.70), contrasting with a consensus estimate of $1.31, although it achieved revenues of $1.10 billion against expectations of $1.04 billion.

Core Natural Resources (NYSE:CNR - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Jefferies Financial Group in a research report issued on Tuesday, MarketBeat reports. They presently have a $78.00 price objective on the energy company's stock, up from their prior price objective of $67.00. Jefferies Financial Group's target price indicates a potential upside of 4.29% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. UBS Group decreased their price objective on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, July 3rd. Benchmark reduced their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, B. Riley lowered 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 report 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.20.

Core Natural Resources Price Performance

Shares of CNR traded down $0.67 during trading hours on Tuesday, hitting $74.79. 378,086 shares of the company were exchanged, compared to its average volume of 976,823. The company has a market capitalization of $3.94 billion, a PE ratio of 34.31 and a beta of 0.66. Core Natural Resources has a one year low of $58.19 and a one year high of $134.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. The firm has a fifty day simple moving average of $72.33 and a 200-day simple moving average of $78.96.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.47%. As a group, sell-side analysts predict that Core Natural Resources will post 11.4 earnings per share for the current year.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in Core Natural Resources during the 1st quarter valued at about $482,793,000. Dimensional Fund Advisors LP bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $225,045,000. American Century Companies Inc. purchased a new stake in Core Natural Resources in the first quarter worth approximately $123,526,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Core Natural Resources during the 1st quarter valued at $48,630,000. Finally, Victory Capital Management Inc. purchased a new stake in Core Natural Resources in the 1st quarter worth $42,950,000. 86.54% of the stock is owned by institutional investors and hedge funds.

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.