Core Natural Resources (NYSE:CNR) Stock Rating Upgraded by Zacks Research

Core Natural Resources (NYSE:CNR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. UBS Group boosted their price objective on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Weiss Ratings cut Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Wall Street Zen cut Core Natural Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.75.

Core Natural Resources Stock Up 1.8%

Shares of NYSE:CNR opened at $90.27 on Monday. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of -29.99 and a beta of 0.25. The company has a quick ratio of 1.15, a current ratio of 1.60 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 business’s 50 day moving average is $94.98 and its 200 day moving average is $90.48.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $996.54 million. During the same period in the previous year, the firm earned $1.04 EPS. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. On average, sell-side analysts forecast that Core Natural Resources will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Core Natural Resources

In related news, CAO John Rothka sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $97.66, for a total transaction of $97,660.00. Following the sale, the chief accounting officer directly owned 5,190 shares in the company, valued at approximately $506,855.40. The trade was a 16.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Navarre sold 6,000 shares of the business’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 sale, the director owned 18,034 shares in the company, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,560 shares of company stock worth $5,118,890 over the last ninety days. 2.49% of the stock is currently owned by company insiders.

Institutional Trading of Core Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of Core Natural Resources during the 3rd quarter valued at $25,000. AdvisorNet Financial Inc increased 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 worth $26,000 after acquiring an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares during the last quarter. CWM LLC increased its stake in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after acquiring an additional 106 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Core Natural Resources in the 3rd quarter worth about $31,000. 86.54% of the stock is currently owned by institutional investors.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.