Core Natural Resources, Inc. (NYSE:CNR) Receives $119.10 Average Price Target from Brokerages

by · The Cerbat Gem

Core Natural Resources, Inc. (NYSE:CNR – Get Free Report) has been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $119.10.

A number of analysts have recently weighed in on CNR shares. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. UBS Group boosted their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th.

Get Our Latest Stock Analysis on Core Natural Resources

Insider Activity

In other news, CAO John Rothka sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the chief accounting officer owned 10,307 shares of the company’s stock, valued at $979,165. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.41% of the stock is owned by company insiders.

Institutional Trading of Core Natural Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of Core Natural Resources in the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc lifted its holdings in Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after buying an additional 284 shares during the period. Salomon & Ludwin LLC bought a new position in Core Natural Resources in the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares during the period. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Core Natural Resources during the 3rd quarter valued at $43,000. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Up 1.6%

Shares of CNR opened at $89.91 on Friday. The company has a market capitalization of $4.61 billion, a P/E ratio of -209.08 and a beta of 0.33. Core Natural Resources has a one year low of $58.19 and a one year high of $109.61. The business’s 50 day simple moving average is $83.33 and its 200-day simple moving average is $79.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29.

Core Natural Resources (NYSE:CNR – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.Core Natural Resources’s quarterly revenue was up 74.4% compared to the same quarter last year. As a group, sell-side analysts predict that Core Natural Resources will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s payout ratio is presently -93.02%.

About Core Natural Resources

(Get Free Report)

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.

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