Core Natural Resources (NYSE:CNR) Sets New 52-Week Low – What’s Next?

Core Natural Resources, Inc. (NYSE:CNR) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $64.00 and last traded at $64.00, with a volume of 1526 shares trading hands. The stock had previously closed at $67.70.

Analyst Ratings Changes

A number of equities analysts have recently commented on CNR shares. Benchmark reaffirmed a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and reduced their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. B. Riley decreased their target price on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com initiated coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Core Natural Resources presently has an average rating of “Moderate Buy” and an average target price of $147.17.

Core Natural Resources Price Performance

The firm has a market capitalization of $3.34 billion, a P/E ratio of 6.50 and a beta of 1.65. The business’s 50-day simple moving average is $86.73 and its 200 day simple moving average is $126.14. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05.

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

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 0.64%. Core Natural Resources’s payout ratio is 4.16%.

Insiders Place Their Bets

In related news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now directly owns 13,348 shares of the company’s stock, valued at $1,005,104.40. The trade was a 39.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Core Natural Resources

A number of large investors have recently added to or reduced their stakes in CNR. Louisiana State Employees Retirement System boosted its holdings in shares of Core Natural Resources by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock worth $1,243,000 after purchasing an additional 100 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Fortitude Family Office LLC grew its position in shares of Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 86.54% of the company’s stock.

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.