Core Natural Resources, Inc. (NYSE:CNR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Core Natural Resources, Inc. (NYSE:CNR) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $119.10.

CNR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Core Natural Resources in a research report on Wednesday, October 8th. UBS Group lifted their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and raised their price objective for the company from $90.00 to $125.00 in a report on Friday, October 10th. Finally, B. Riley decreased their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd.

Insiders Place Their Bets

In other news, Director Richard A. Navarre sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the transaction, the director directly owned 21,830 shares of the company’s stock, valued at approximately $1,794,426. This represents a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total value of $234,524.01. Following the completion of the transaction, the director owned 23,348 shares in the company, valued at approximately $1,799,430.36. The trade was a 11.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,043 shares of company stock valued at $740,524 in the last ninety days. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its stake in Core Natural Resources by 1.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock worth $968,000 after acquiring an additional 121 shares in the last quarter. AlphaQuest LLC boosted its stake in Core Natural Resources by 4.2% in the third quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock valued at $258,000 after acquiring an additional 124 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Core Natural Resources by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock worth $118,000 after purchasing an additional 128 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Core Natural Resources by 6.5% during the third quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock worth $198,000 after purchasing an additional 144 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its position in shares of Core Natural Resources by 2.5% during the second quarter. SummerHaven Investment Management LLC now owns 7,937 shares of the energy company’s stock worth $554,000 after purchasing an additional 190 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Trading Up 3.4%

NYSE:CNR opened at $89.50 on Friday. Core Natural Resources has a 12-month low of $58.19 and a 12-month high of $134.59. The firm has a market cap of $4.61 billion, a PE ratio of 41.06 and a beta of 0.63. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average price of $82.48 and a 200 day moving average price of $76.00.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping the consensus estimate of ($1.40) by $2.01. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $1.05 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%.The company’s revenue for the quarter was up 74.4% on a year-over-year basis. Sell-side analysts anticipate that Core Natural Resources will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.10 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently 18.35%.

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.