UBS Group Reiterates "Buy" Rating for Core Natural Resources (NYSE:CNR)

Key Points

• UBS Group has raised its target price for Core Natural Resources (CNR) from $78.00 to $86.00, indicating a potential upside of 12.95% from the current stock price.
• CNR reported a loss of ($0.70) EPS for its latest quarter, significantly missing the consensus estimate of $1.31, despite generating revenue of $1.10 billion.
• The stock currently holds a consensus rating of "Moderate Buy" from analysts, with an average target price of $105.80 based on multiple assessments.

UBS Group restated their buy rating on shares of Core Natural Resources (NYSE:CNR - Free Report) in a report issued on Friday morning, Marketbeat.com reports. The firm currently has a $86.00 target price on the energy company's stock, up from their prior target price of $78.00.

CNR has been the subject of a number of other reports. 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 note on Tuesday, July 22nd. Benchmark lowered their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.80.

Core Natural Resources Trading Up 3.5%

Shares of NYSE CNR traded up $2.66 during midday trading on Friday, hitting $77.89. The company's stock had a trading volume of 104,682 shares, compared to its average volume of 969,732. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The business's 50 day moving average is $72.82 and its two-hundred day moving average is $76.91. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $134.59. The firm has a market cap of $4.01 billion, a P/E ratio of 35.73 and a beta of 0.66.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing the consensus estimate of $1.31 by ($2.01). The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. As a group, equities research analysts expect that Core Natural Resources will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.10 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 57.0%. Core Natural Resources's dividend payout ratio (DPR) is currently 18.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in shares of Core Natural Resources in the 1st quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources in the 1st quarter worth $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter worth $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter worth $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources in the 1st quarter worth $33,000. 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.