Analysts Set Core Natural Resources, Inc. (NYSE:CNR) Target Price at $113.75

Core Natural Resources, Inc. (NYSE:CNR) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $113.75.

A number of brokerages have recently issued reports on CNR. Zacks Research lowered Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday. 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. Finally, UBS Group raised their price target on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th.

Insider Buying and Selling at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $91.62, for a total value of $348,156.00. Following the completion of the sale, the chief accounting officer directly owned 6,190 shares in the company, valued at $567,127.80. This trade represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard A. Navarre sold 6,000 shares of Core Natural Resources stock in a transaction that occurred 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 directly 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. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 51,560 shares of company stock valued at $5,118,890. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Core Natural Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNR. Adage Capital Partners GP L.L.C. bought a new position in shares of Core Natural Resources during the fourth quarter valued at approximately $86,297,000. State Street Corp boosted its position in shares of Core Natural Resources by 10.2% in the 2nd quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock worth $221,044,000 after purchasing an additional 294,312 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Core Natural Resources by 10,023.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock worth $20,624,000 after buying an additional 292,799 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Core Natural Resources in the 4th quarter worth approximately $22,741,000. Finally, Thomist Capital Management LP bought a new position in Core Natural Resources during the 4th quarter valued at approximately $20,739,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Trading Down 1.8%

Shares of CNR opened at $89.55 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. Core Natural Resources has a 1-year low of $63.36 and a 1-year high of $114.80. The company has a market capitalization of $4.54 billion, a P/E ratio of -29.75 and a beta of 0.25. The firm’s 50 day simple moving average is $95.37 and its 200 day simple moving average is $90.37.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. Core Natural Resources’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.10 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.40 annualized dividend and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is -13.29%.

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.