Wall Street Zen Downgrades Core Natural Resources (NYSE:CNR) to Sell

Core Natural Resources (NYSE:CNR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms also recently commented on CNR. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, March 19th. UBS Group lifted their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, Zacks Research downgraded shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Core Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Core Natural Resources Trading Up 0.2%

NYSE:CNR opened at $91.37 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. Core Natural Resources has a 12 month low of $63.36 and a 12 month high of $114.80. The company has a market cap of $4.64 billion, a PE ratio of -30.36 and a beta of 0.25. The company has a 50 day simple moving average of $95.38 and a two-hundred day simple moving average of $90.32.

Core Natural Resources (NYSE:CNR) last posted its earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $996.54 million. During the same period last year, the firm posted $1.04 EPS. The company’s revenue for the quarter was up 81.8% on a year-over-year basis. Research analysts forecast that Core Natural Resources will post 11.4 earnings per share for the current year.

Insider Activity

In related news, Director Richard A. Navarre sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total value of $550,200.00. Following the completion of the transaction, the director owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James A. Brock sold 40,760 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at $10,115,000. This represents a 28.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,560 shares of company stock valued at $5,118,890 in the last 90 days. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CNR. Royal Bank of Canada bought a new position in Core Natural Resources in the 1st quarter worth $2,037,000. AQR Capital Management LLC bought a new position in Core Natural Resources in the 1st quarter worth $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Core Natural Resources in the 1st quarter worth $2,413,000. NewEdge Advisors LLC bought a new position in Core Natural Resources in the 1st quarter worth $1,223,000. Finally, United Services Automobile Association bought a new position in Core Natural Resources in the 1st quarter worth $256,000. Institutional investors own 86.54% of the company’s stock.

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.