Core Natural Resources (NYSE:CNR) Trading Up 4.8% – What’s Next?

Core Natural Resources, Inc. (NYSE:CNR) shares rose 4.8% during trading on Monday . The company traded as high as $71.08 and last traded at $70.57. Approximately 339,285 shares traded hands during trading, a decline of 70% from the average daily volume of 1,130,151 shares. The stock had previously closed at $67.32.

Analyst Upgrades and Downgrades

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

Core Natural Resources Trading Up 6.9 %

The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 7.49 and a beta of 1.65. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $110.76 and its 200 day moving average is $133.11.

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

Core Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, March 3rd. Core Natural Resources’s payout ratio is presently 4.16%.

Institutional Investors Weigh In On Core Natural Resources

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Core Natural Resources by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock worth $78,609,000 after purchasing an additional 31,310 shares during the last quarter. FMR LLC lifted its holdings in shares of 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 buying an additional 404,249 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 buying an additional 990 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Core Natural Resources in the fourth quarter valued at approximately $28,790,000. Finally, Victory Capital Management Inc. increased its position in Core Natural Resources by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock worth $27,746,000 after acquiring an additional 226,069 shares during the period. Institutional investors own 86.54% of the company’s stock.

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.