Core Natural Resources (NYSE:CNR) Downgraded to Strong Sell Rating by Zacks Research

Core Natural Resources (NYSE:CNRGet Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. 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 note on Tuesday, March 24th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Core Natural Resources currently has an average rating of “Moderate Buy” and an average target price of $116.67.

View Our Latest Stock Report on CNR

Core Natural Resources Stock Performance

NYSE:CNR opened at $83.00 on Tuesday. The company’s 50-day moving average price is $94.07 and its 200-day moving average price is $90.13. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.18 billion, a P/E ratio of -68.03 and a beta of 0.14. Core Natural Resources has a twelve month low of $64.15 and a twelve month high of $114.80.

Core Natural Resources (NYSE:CNRGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million for the quarter, compared to the consensus estimate of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same period last year, the firm posted $3.39 earnings per share. On average, sell-side analysts forecast that Core Natural Resources will post 1.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, CEO James A. Brock sold 40,760 shares of Core Natural Resources stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total transaction of $4,122,874.00. Following the completion of the sale, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard A. Navarre sold 6,000 shares of Core Natural Resources stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.70, for a total transaction of $550,200.00. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 51,560 shares of company stock worth $5,118,890 over the last three months. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CNR. Triumph Capital Management acquired a new position in shares of Core Natural Resources in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Core Natural Resources by 84.9% in 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 in the last quarter. CWM LLC grew its holdings in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. First Horizon Corp grew its holdings in shares of Core Natural Resources by 97.6% in the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after purchasing an additional 165 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Core Natural Resources in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

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

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