Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $119.10.

CNR has been the subject of several research reports. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $125.00 in a research note on Friday. B. Riley dropped their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Core Natural Resources in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, UBS Group boosted their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th.

Insider Transactions at Core Natural Resources

In other news, CAO John Rothka sold 1,000 shares of Core Natural Resources stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the chief accounting officer directly owned 10,307 shares of the company’s stock, valued at approximately $979,165. The trade was a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick A. Kriegshauser sold 3,043 shares of Core Natural Resources stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total transaction of $234,524.01. Following the sale, the director directly owned 23,348 shares of the company’s stock, valued at approximately $1,799,430.36. This trade represents a 11.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,043 shares of company stock valued at $740,524. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

Institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc lifted its position in shares of Core Natural Resources by 1,290.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Core Natural Resources during the 1st quarter worth $29,000. Farther Finance Advisors LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Core Natural Resources during the 1st quarter worth $33,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Up 3.7%

Core Natural Resources stock opened at $100.03 on Tuesday. Core Natural Resources has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The firm has a 50 day moving average price of $78.25 and a 200 day moving average price of $74.30. The company has a market capitalization of $5.15 billion, a PE ratio of 45.88 and a beta of 0.70.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Research analysts expect that Core Natural Resources will post 11.4 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were paid a $0.10 dividend. The ex-dividend date was Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources’s payout ratio is 18.35%.

About Core Natural Resources

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.