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

Shares of Core Natural Resources, Inc. (NYSE:CNR) reached a new 52-week low during trading on Wednesday . The company traded as low as $75.09 and last traded at $75.39, with a volume of 576546 shares trading hands. The stock had previously closed at $78.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com assumed coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Benchmark boosted their price target on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and dropped their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $158.83.

Core Natural Resources Stock Performance

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 stock has a market cap of $2.28 billion, a price-to-earnings ratio of 5.69 and a beta of 1.74. The company has a 50 day simple moving average of $126.21 and a 200 day simple moving average of $137.24.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, topping 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 28.96% and a net margin of 18.02%. As a group, equities research analysts forecast that Core Natural Resources, Inc. will post 10.84 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s payout ratio is presently 7.34%.

Institutional Trading of Core Natural Resources

Several large investors have recently modified their holdings of CNR. Louisiana State Employees Retirement System lifted its holdings in shares of Core Natural Resources by 1.1% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after purchasing an additional 100 shares during the period. Fortitude Family Office LLC raised its stake in shares of Core Natural Resources by 63.8% during the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock worth $28,000 after purchasing an additional 104 shares during the period. GAMMA Investing LLC raised its stake in shares of Core Natural Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after purchasing an additional 143 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock worth $35,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds 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.