Core Natural Resources (NYSE:CNR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Core Natural Resources (NYSE:CNR) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. UBS Group upped their target price on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Finally, Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.38.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $86.87 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.09. The stock has a market cap of $4.45 billion, a PE ratio of -202.01 and a beta of 0.34. The stock’s fifty day simple moving average is $90.11 and its two-hundred day simple moving average is $83.40. Core Natural Resources has a 1-year low of $58.19 and a 1-year high of $103.50.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, beating 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.05 billion. The company’s quarterly revenue was up 74.4% on a year-over-year basis. As a group, analysts forecast that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Institutional Trading of Core Natural Resources

Large investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Core Natural Resources during the 3rd quarter valued at $25,000. AdvisorNet Financial Inc raised its stake in Core Natural Resources by 1,290.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after acquiring an additional 284 shares during the period. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 191 shares during the last quarter. CWM LLC boosted its position in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in Core Natural Resources during the third quarter worth about $31,000. 86.54% of the stock is 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.