Core Natural Resources (NYSE:CNR) Stock Rating Upgraded by Zacks Research

Core Natural Resources (NYSE:CNR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on CNR. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. UBS Group lifted their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $125.00 in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Four 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. According to MarketBeat.com, Core Natural Resources has a consensus rating of “Moderate Buy” and an average price target of $111.38.

Core Natural Resources Stock Down 3.9%

CNR opened at $86.87 on Wednesday. The firm has a market cap of $4.45 billion, a P/E ratio of -202.01 and a beta of 0.34. The business’s fifty day simple moving average is $90.11 and its 200 day simple moving average is $83.40. Core Natural Resources has a 52 week low of $58.19 and a 52 week high of $103.50. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09.

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

Institutional Trading of Core Natural Resources

Several institutional investors have recently made changes to their positions in CNR. Triumph Capital Management purchased a new position in shares of Core Natural Resources in the 3rd quarter worth $25,000. AdvisorNet Financial Inc increased its stake in Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after acquiring an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 during the period. CWM LLC lifted its stake in shares of Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Core Natural Resources during the 3rd quarter worth about $31,000. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.