Core Natural Resources, Inc. (CNR) To Go Ex-Dividend on August 31st

Core Natural Resources, Inc. (NYSE:CNR) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 31st will be paid a dividend of 0.10 per share by the energy company on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, August 31st.

Core Natural Resources has a payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $5.84 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.8%.

Core Natural Resources Price Performance

Core Natural Resources stock opened at $101.17 on Friday. Core Natural Resources has a one year low of $70.36 and a one year high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. The business has a fifty day moving average of $86.35 and a two-hundred day moving average of $89.99. The company has a market cap of $5.02 billion, a P/E ratio of 50.84 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, August 6th. The energy company reported $2.51 EPS for the quarter, topping the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. As a group, analysts predict that Core Natural Resources will post 2.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CNR shares. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. UBS Group cut Core Natural Resources from a “buy” rating to a “neutral” rating and upped their price target for the stock from $101.00 to $105.00 in a report on Tuesday, August 18th. Zacks Research raised Core Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.00.

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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.