Core Natural Resources (NYSE:CNR) Trading Down 3.1% – What’s Next?

Core Natural Resources, Inc. (NYSE:CNR) was down 3.1% during mid-day trading on Wednesday . The stock traded as low as $71.38 and last traded at $73.00. Approximately 99,293 shares were traded during trading, a decline of 91% from the average daily volume of 1,098,363 shares. The stock had previously closed at $75.37.

Analysts Set New Price Targets

Several research analysts recently issued reports on CNR shares. Benchmark reissued a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and cut their price target for the stock from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com initiated coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating on the stock. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, B. Riley lowered their target price on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Stock Down 1.7 %

The firm’s 50-day moving average price is $101.25 and its 200 day moving average price is $130.41. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 7.71 and a beta of 1.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, beating the consensus estimate of $1.63 by $1.44. The business had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. Core Natural Resources’s dividend payout ratio is presently 4.16%.

Institutional Trading of Core Natural Resources

Several large investors have recently modified their holdings of CNR. Geode Capital Management LLC boosted its position in Core Natural Resources by 4.4% during the third quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after acquiring an additional 31,310 shares during the last quarter. FMR LLC boosted its position in Core Natural Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Core Natural Resources by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock worth $40,317,000 after acquiring an additional 990 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Core Natural Resources during the fourth quarter worth approximately $28,790,000. Finally, Holocene Advisors LP boosted its position in Core Natural Resources by 422.4% during the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after acquiring an additional 202,425 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.