Core Natural Resources (NYSE:CNR) Trading Down 3.1% – What’s Next?

Core Natural Resources, Inc. (NYSE:CNR)’s stock price traded down 3.1% on Wednesday . The company traded as low as $71.38 and last traded at $73.00. 99,293 shares were traded during trading, a decline of 91% from the average session volume of 1,098,363 shares. The stock had previously closed at $75.37.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating on the stock. Benchmark reaffirmed a “buy” rating and set a $112.00 price target on shares of Core Natural Resources in a research note on Tuesday, February 25th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. B. Riley cut their target price on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. 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 stock has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Stock Performance

The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 7.71 and a beta of 1.65. 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’s fifty day simple moving average is $101.25 and its two-hundred day simple moving average is $130.41.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data 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 during 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%. 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Core Natural Resources by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 751,044 shares of the energy company’s stock valued at $78,609,000 after buying an additional 31,310 shares during the period. FMR LLC lifted its position in Core Natural Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after purchasing an additional 404,249 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Core Natural Resources by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,258 shares of the energy company’s stock valued at $40,317,000 after purchasing an additional 990 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Core Natural Resources in the 4th quarter valued at about $28,790,000. Finally, Holocene Advisors LP lifted its position in Core Natural Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.