Core Natural Resources (NYSE:CNR) Sets New 1-Year High – What’s Next?

Core Natural Resources, Inc. (NYSE:CNR)’s stock price reached a new 52-week high on Thursday . The company traded as high as $103.50 and last traded at $101.28, with a volume of 107059 shares traded. The stock had previously closed at $101.44.

Analysts Set New Price Targets

Several research firms recently commented on CNR. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Zacks Research lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a report on Monday, November 10th. Finally, UBS Group boosted their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $111.38.

Core Natural Resources Price Performance

The company has a current ratio of 1.82, a quick ratio of 1.29 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5.20 billion, a PE ratio of -236.04 and a beta of 0.33. The firm’s 50-day moving average price is $86.79 and its two-hundred day moving average price is $81.86.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources’s revenue for the quarter was up 74.4% compared to the same quarter last year. On average, equities analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, November 28th. Core Natural Resources’s payout ratio is currently -93.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management purchased a new stake in Core Natural Resources in the third quarter valued at about $25,000. AdvisorNet Financial Inc raised its position in shares of Core Natural Resources by 1,290.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after purchasing an additional 284 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Core Natural Resources in the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in Core Natural Resources during the 3rd quarter worth approximately $43,000. 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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.