Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Rating of “Hold” from Brokerages

by · The Cerbat Gem

Shares of Core Natural Resources, Inc. (NYSE:CNR – Get Free Report) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $119.10.

Several brokerages have issued reports on CNR. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. UBS Group raised their price target on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and increased their target price for the stock from $90.00 to $125.00 in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 1st.

View Our Latest Report on Core Natural Resources

Core Natural Resources Trading Down 0.8%

CNR stock opened at $83.33 on Wednesday. Core Natural Resources has a twelve month low of $58.19 and a twelve month high of $125.78. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of -193.79 and a beta of 0.40. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $84.60 and its two-hundred day simple moving average is $77.18.

Core Natural Resources (NYSE:CNR – Get Free Report) last released its earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.40) by $2.01. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.05 billion. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year. As a group, analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, November 28th. Core Natural Resources’s dividend payout ratio is currently -93.02%.

Insider Activity at Core Natural Resources

In related news, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $82.20, for a total value of $411,000.00. Following the transaction, the director owned 21,830 shares of the company’s stock, valued at $1,794,426. This represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the transaction, the director owned 23,348 shares in the company, valued at $1,799,430.36. The trade was a 11.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,043 shares of company stock worth $740,524. Company insiders own 2.02% of the company’s stock.

Institutional Trading of Core Natural Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Triumph Capital Management purchased a new position in Core Natural Resources during the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc boosted its stake in shares of Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after purchasing an additional 284 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after buying an additional 191 shares during the period. Salomon & Ludwin LLC bought a new position in Core Natural Resources in the third quarter worth approximately $31,000. Finally, Princeton Global Asset Management LLC bought a new position in Core Natural Resources in the third quarter worth approximately $43,000. 86.54% of the stock is currently owned by institutional investors.

About Core Natural Resources

(Get Free Report)

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.

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