Core Natural Resources (NYSE:CNR) Stock Falls 3.5% - Here's What Happened

Key Points

• Core Natural Resources shares fell 3.5% to about $86.71, while trading volume dropped 88% below the average session level.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “hold,” UBS moved to “neutral” while raising its target to $105, and the consensus rating remains “Hold” with a $105 target.
• The company’s latest quarterly results significantly exceeded expectations, reporting $2.51 in EPS versus a $0.60 estimate and $1.14 billion in revenue; it also maintains a $0.10 quarterly dividend yielding about 0.5%.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) fell 3.5% during trading on Tuesday. The company traded as low as $86.89 and last traded at $86.7140. 86,765 shares traded hands during trading, a decline of 88% from the average session volume of 722,178 shares. The stock had previously closed at $89.90.

Analysts Set New Price Targets

Several brokerages recently weighed in on CNR. Zacks Research lowered Core Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 9th. UBS Group downgraded shares of Core Natural Resources from a "buy" rating to a "neutral" rating and raised their price target for the stock from $101.00 to $105.00 in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised shares of Core Natural Resources from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $105.00.

Core Natural Resources Stock Down 2.5%

The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 44.17 and a beta of 0.25. 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 has a 50-day moving average price of $93.79 and a two-hundred day moving average price of $89.33.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. On average, sell-side analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Monday, August 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources's dividend payout ratio is currently 20.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp raised its holdings in Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company's stock worth $35,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Core Natural Resources by 10.8% during the second quarter. GAMMA Investing LLC now owns 1,827 shares of the energy company's stock valued at $146,000 after buying an additional 178 shares during the period. Abel Hall LLC raised its stake in Core Natural Resources by 6.3% in the first quarter. Abel Hall LLC now owns 3,222 shares of the energy company's stock worth $337,000 after buying an additional 191 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Core Natural Resources by 4.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 5,180 shares of the energy company's stock worth $543,000 after buying an additional 233 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Core Natural Resources by 7.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,176 shares of the energy company's stock worth $437,000 after buying an additional 272 shares in the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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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