Core Natural Resources (NYSE:CNR) Reaches New 1-Year Low on Disappointing Earnings

Key Points

• Core Natural Resources hit a new 52-week low after disappointing results, trading as low as $73.75 versus the prior close of $80.22.
• Quarterly EPS was $0.18, missing the $0.72 analyst consensus by $0.54; revenue of $1.15 billion topped estimates and rose 9.7% year over year.
• Analysts have a consensus Hold rating and an average price target of $113.50, with two Buy ratings and three Hold ratings.

Shares of Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) reached a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $73.75 and last traded at $74.8750, with a volume of 611,869 shares. The stock had previously closed at $80.22.

The energy company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CNR. B. Riley Financial upped their price target on shares of Core Natural Resources from $118.00 to $122.00 and gave the stock a "buy" rating in a research report on Monday, October 26th. Zacks Research cut shares of Core Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Friday, October 9th. Weiss Ratings upgraded shares of Core Natural Resources from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Finally, UBS Group lowered Core Natural Resources from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $101.00 to $105.00 in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $113.50.

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds have recently bought and sold shares of CNR. Signaturefd LLC raised its stake in shares of Core Natural Resources by 85.2% in the third quarter. Signaturefd LLC now owns 313 shares of the energy company's stock worth $27,000 after buying an additional 144 shares during the period. First Horizon Corp raised its stake in shares of Core Natural Resources by 97.6% in the first quarter. First Horizon Corp now owns 334 shares of the energy company's stock valued at $35,000 after acquiring an additional 165 shares during the period. Financial Management Professionals Inc. boosted its holdings in Core Natural Resources by 132.8% during the 3rd quarter. Financial Management Professionals Inc. now owns 419 shares of the energy company's stock valued at $36,000 after acquiring an additional 239 shares during the period. Salomon & Ludwin LLC boosted its position in Core Natural Resources by 93.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 529 shares of the energy company's stock valued at $45,000 after buying an additional 256 shares during the period. Finally, Sterling Capital Management LLC raised its position in Core Natural Resources by 78.7% during the 3rd quarter. Sterling Capital Management LLC now owns 1,260 shares of the energy company's stock valued at $108,000 after purchasing an additional 555 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Performance

The firm has a market cap of $3.70 billion, a P/E ratio of 37.64 and a beta of 0.24. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. The firm's fifty day moving average price is $91.88 and its 200 day moving average price is $90.71.

Core Natural Resources Company Profile

Core Natural Resources, Inc is a diversified coal producer formed through the combination of Arch Resources and CONSOL Energy, completed in January 2025. The company mines and markets both metallurgical coal, which is used in steelmaking, and thermal coal, which is used primarily for electricity generation and industrial applications.

Core Natural Resources operates mining assets in the United States, including operations in the Appalachian region and the western United States. Its portfolio includes underground and surface mines, and the company also has coal logistics and export capabilities that support deliveries to domestic and international customers.

The company serves electric utilities, steel producers, industrial users and other customers in the United States and overseas.

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