Core Natural Resources (NYSE:CNR) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Core Natural Resources shares fell below their 200-day moving average of $91.08, reaching an intraday low of $88.00 and last trading near $88.52.
• Analyst sentiment is mixed but leans toward “Hold”: Zacks and UBS downgraded the stock, while B. Riley raised its price target to $122. The consensus target is $113.50.
• The company reported stronger-than-expected quarterly results, with EPS of $2.51 versus the $0.60 estimate and revenue of $1.14 billion; it also pays a $0.10 quarterly dividend, yielding about 0.5%.

Core Natural Resources, Inc. (NYSE:CNR - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $91.08 and traded as low as $88.00. Core Natural Resources shares last traded at $88.5160, with a volume of 561,891 shares changing hands.

Analyst Ratings Changes

Several brokerages have commented 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. Weiss Ratings raised shares of Core Natural Resources from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 6th. UBS Group cut shares of Core Natural Resources from a "buy" rating to a "neutral" rating and upped their price target for the stock from $101.00 to $105.00 in a research report on Tuesday, August 18th. Finally, B. Riley Financial raised their target price on Core Natural Resources from $118.00 to $122.00 and gave the company a "buy" rating in a report on Monday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Core Natural Resources has an average rating of "Hold" and an average target price of $113.50.

Core Natural Resources Stock Performance

The stock has a market capitalization of $4.39 billion, a P/E ratio of 44.48 and a beta of 0.25. The company's 50-day moving average is $93.27 and its two-hundred day moving average is $91.08. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $1.91. The company had revenue of $1.14 billion during 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%. As a group, sell-side analysts anticipate that Core Natural Resources, Inc. will post 2.96 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

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

Institutional Trading of Core Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of Core Natural Resources by 85.2% during the third quarter. Signaturefd LLC now owns 313 shares of the energy company's stock valued at $27,000 after acquiring an additional 144 shares during the period. First Horizon Corp increased its holdings in shares of Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company's stock valued at $35,000 after purchasing an additional 165 shares during the period. Financial Management Professionals Inc. lifted its position in shares of Core Natural Resources by 132.8% in the third quarter. Financial Management Professionals Inc. now owns 419 shares of the energy company's stock worth $36,000 after purchasing an additional 239 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Core Natural Resources during the second quarter valued at approximately $104,000. Finally, Sterling Capital Management LLC lifted its position in Core Natural Resources by 78.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,260 shares of the energy company's stock worth $108,000 after buying an additional 555 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors.

About Core Natural Resources

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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