Core Natural Resources' (CNR) "Hold" Rating Reiterated at 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 researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a $78.00 price objective on the energy company's stock, up from their previous price objective of $67.00. Jefferies Financial Group's price target points to a potential upside of 2.44% from the company's previous close.

Several other research firms also recently issued reports on CNR. 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. UBS Group dropped their target price on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Finally, Benchmark reduced 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 research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.80.

Core Natural Resources Trading Up 0.3%

Shares of Core Natural Resources stock traded up $0.21 on Tuesday, reaching $76.14. The company had a trading volume of 747,755 shares, compared to its average volume of 845,461. The firm's 50 day moving average price is $72.66 and its two-hundred day moving average price is $77.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.34 and a current ratio of 1.78. Core Natural Resources has a 52-week low of $58.19 and a 52-week high of $134.59. The firm has a market cap of $3.92 billion, a PE ratio of 34.93 and a beta of 0.66.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $1.04 billion. Sell-side analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Institutional Trading of Core Natural Resources

A number of large investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in Core Natural Resources during the 4th quarter worth approximately $756,000. Marshall Wace LLP acquired a new position in shares of Core Natural Resources during the fourth quarter worth $884,000. Price T Rowe Associates Inc. MD purchased a new position in Core Natural Resources in the fourth quarter valued at $28,790,000. Public Employees Retirement Association of Colorado purchased a new position in Core Natural Resources in the fourth quarter valued at $345,000. Finally, Captrust Financial Advisors purchased a new position in Core Natural Resources in the fourth quarter valued at $241,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.