Core Natural Resources (NYSE:CNR) Sets New 1-Year Low – Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR) shares reached a new 52-week low during trading on Friday . The company traded as low as $64.00 and last traded at $64.00, with a volume of 1526 shares trading hands. The stock had previously closed at $67.70.

Analyst Ratings Changes

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

Core Natural Resources Stock Performance

The business’s fifty day moving average price is $86.73 and its 200-day moving average price is $126.14. The stock has a market cap of $3.34 billion, a PE ratio of 6.50 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.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) 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 net margin of 12.81% and a return on equity of 23.87%. As a group, equities research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, March 3rd. Core Natural Resources’s dividend payout ratio is 4.16%.

Insider Activity

In other news, Director Holly K. Koeppel sold 8,815 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company’s stock, valued at $1,005,104.40. The trade was a 39.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc bought a new position in shares of Core Natural Resources in the first quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Core Natural Resources during the 4th quarter worth approximately $26,000. Fortitude Family Office LLC lifted its holdings in 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Core Natural Resources by 82.0% in the fourth 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. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

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.