Core Natural Resources (NYSE:CNR) Shares Pass Below 50-Day Moving Average – Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $90.11 and traded as low as $86.25. Core Natural Resources shares last traded at $86.8650, with a volume of 702,931 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CNR. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Finally, Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the company from $90.00 to $125.00 in a research report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Core Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of $111.38.

Core Natural Resources Stock Up 4.1%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.82 and a quick ratio of 1.29. The stock has a market capitalization of $4.65 billion, a PE ratio of -209.90 and a beta of 0.34. The company has a 50 day moving average price of $90.11 and a 200-day moving average price of $83.40.

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

Hedge Funds Weigh In On Core Natural Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in Core Natural Resources by 64.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the energy company’s stock worth $346,000 after buying an additional 1,537 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Core Natural Resources by 9.8% during the 4th quarter. HighTower Advisors LLC now owns 3,605 shares of the energy company’s stock worth $319,000 after acquiring an additional 322 shares during the period. O Brien Greene & Co. Inc bought a new position in shares of Core Natural Resources in the 4th quarter worth approximately $417,000. PCG Wealth Advisors LLC lifted its stake in shares of Core Natural Resources by 23.3% in the 4th quarter. PCG Wealth Advisors LLC now owns 5,955 shares of the energy company’s stock valued at $527,000 after purchasing an additional 1,124 shares during the period. Finally, Hosking Partners LLP boosted its position in shares of Core Natural Resources by 211.5% during the fourth quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock valued at $6,168,000 after purchasing an additional 47,315 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.