Core Natural Resources, Inc. (NYSE:CNR) Receives $147.17 Consensus Target Price from Analysts

Shares of Core Natural Resources, Inc. (NYSE:CNR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $147.17.

CNR has been the topic of a number of analyst reports. Benchmark restated a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a research note on Tuesday, February 25th. B. Riley dropped their price objective on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Jefferies Financial Group raised 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 report on Monday, January 6th. Finally, StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They set a “hold” rating on the stock.

Core Natural Resources Stock Up 0.0 %

Core Natural Resources stock opened at $73.25 on Tuesday. Core Natural Resources has a 1-year low of $66.54 and a 1-year high of $134.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The stock has a market cap of $3.91 billion, a PE ratio of 7.62 and a beta of 1.65. The stock’s fifty day moving average is $97.36 and its two-hundred day moving average is $129.17.

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

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Hedge Funds Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its holdings in shares of Core Natural Resources by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company’s stock worth $1,243,000 after buying an additional 100 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Fortitude Family Office LLC grew its holdings 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 worth $28,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC lifted its position in 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 purchasing an additional 143 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors 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.