Core Natural Resources (NYSE:CNR) Posts Quarterly Earnings Results, Beats Expectations By $1.44 EPS

Core Natural Resources (NYSE:CNR) announced its earnings results on Thursday. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44, Zacks reports. Core Natural Resources had a return on equity of 28.96% and a net margin of 18.02%. The firm had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million.

Core Natural Resources Stock Down 2.2 %

Shares of CNR stock traded down $1.84 on Friday, hitting $79.95. 164,465 shares of the stock were exchanged, compared to its average volume of 1,104,022. The firm has a market capitalization of $2.35 billion, a P/E ratio of 5.87 and a beta of 1.74. Core Natural Resources has a fifty-two week low of $74.74 and a fifty-two week high of $134.59. The business has a 50-day moving average of $126.21 and a 200 day moving average of $137.24. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark increased their price objective on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, StockNews.com started coverage on Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $158.83.

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.