Core Natural Resources (NYSE:CNR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Core Natural Resources (NYSE:CNR) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group lifted their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

Core Natural Resources Stock Up 1.8%

Shares of Core Natural Resources stock opened at $82.28 on Wednesday. Core Natural Resources has a 12-month low of $64.57 and a 12-month high of $114.80. The firm has a market capitalization of $4.15 billion, a PE ratio of -67.44 and a beta of 0.14. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $87.65 and its 200-day moving average is $91.48.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The business had revenue of $899.48 million during the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.Core Natural Resources’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same quarter last year, the company posted $3.39 EPS. Equities analysts anticipate that Core Natural Resources will post 2.45 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, May 29th. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Institutional Investors Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GeoSphere Capital Management LLC raised its holdings in shares of Core Natural Resources by 41.7% during the 4th quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock valued at $7,523,000 after purchasing an additional 25,000 shares in the last quarter. Nwam LLC acquired a new stake in shares of Core Natural Resources in the 4th quarter valued at $3,112,000. Hosking Partners LLP boosted its holdings in Core Natural Resources by 211.5% in the fourth quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock worth $6,168,000 after purchasing an additional 47,315 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Core Natural Resources by 2.2% in the third quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock worth $47,838,000 after purchasing an additional 12,515 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in Core Natural Resources by 6.1% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 302,720 shares of the energy company’s stock worth $26,794,000 after purchasing an additional 17,368 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

About Core Natural Resources

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.