Core Natural Resources, Inc. (NYSE:CNR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $116.6667.
A number of research firms have recently issued reports on CNR. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research note on Thursday, April 30th. UBS Group raised 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, Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.
Read Our Latest Stock Analysis on CNR
Core Natural Resources Stock Performance
Core Natural Resources (NYSE:CNR – Get Free Report) last posted its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The company had revenue of $899.48 million during the quarter, compared to analysts’ expectations of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. Core Natural Resources’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.39 EPS. As a group, equities analysts predict that Core Natural Resources will post 1.7 EPS for the current year.
Core Natural Resources Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s dividend payout ratio (DPR) is currently -32.79%.
Institutional Trading of Core Natural Resources
Hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in shares of 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 in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of Core Natural Resources by 1.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock worth $666,000 after buying an additional 126 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Core Natural Resources by 10.0% in the 4th quarter. GAMMA Investing LLC now owns 1,556 shares of the energy company’s stock worth $138,000 after buying an additional 142 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Core Natural Resources by 6.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock worth $198,000 after buying an additional 144 shares during the last quarter. Finally, First Horizon Corp boosted its holdings in shares of Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock worth $35,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds 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.
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