Core Natural Resources (NYSE:CNR) Trading 4.8% Higher – 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 changed 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.

Analysts Set New Price Targets

Several equities analysts have commented on the company. 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. StockNews.com assumed coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and lowered their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, B. Riley reduced their price objective on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $147.17.

Core Natural Resources Price Performance

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

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

Core Natural Resources Cuts Dividend

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

Hedge Funds Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Core Natural Resources by 340.5% in 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 in the last quarter. Smartleaf Asset Management LLC increased its position in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Core Natural Resources in the fourth quarter worth about $26,000. Jones Financial Companies Lllp raised its stake in shares of Core Natural Resources by 226.7% in the fourth 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. Finally, Fortitude Family Office LLC grew its stake in shares of Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds 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.