Encompass Capital Advisors LLC Takes Position in Core Natural Resources, Inc. $CNR

Encompass Capital Advisors LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 225,000 shares of the energy company’s stock, valued at approximately $19,915,000. Encompass Capital Advisors LLC owned 0.44% of Core Natural Resources at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GeoSphere Capital Management LLC lifted its holdings in shares of Core Natural Resources by 41.7% in the 4th quarter. GeoSphere Capital Management LLC now owns 85,000 shares of the energy company’s stock valued at $7,523,000 after buying an additional 25,000 shares during the period. Hosking Partners LLP lifted its holdings in shares of Core Natural Resources by 211.5% in the 4th quarter. Hosking Partners LLP now owns 69,689 shares of the energy company’s stock valued at $6,168,000 after buying an additional 47,315 shares during the period. Nwam LLC acquired a new stake in shares of Core Natural Resources in the 4th quarter valued at approximately $3,112,000. Victory Capital Management Inc. lifted its holdings in shares of Core Natural Resources by 2.2% in the 3rd quarter. Victory Capital Management Inc. now owns 573,047 shares of the energy company’s stock valued at $47,838,000 after buying an additional 12,515 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Core Natural Resources by 27.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 652,379 shares of the energy company’s stock valued at $54,461,000 after buying an additional 139,188 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their price target on Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Weiss Ratings raised Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

Core Natural Resources Stock Performance

Shares of CNR stock opened at $86.86 on Thursday. The stock has a fifty day moving average price of $88.78 and a 200 day moving average price of $91.42. The stock has a market cap of $4.38 billion, a PE ratio of -71.19 and a beta of 0.14. Core Natural Resources, Inc. has a 1 year low of $64.57 and a 1 year high of $114.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million during the quarter, compared to analysts’ expectations 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 was up 94.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.39 earnings per share. Sell-side analysts forecast that Core Natural Resources, Inc. will post 1.7 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

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

Core Natural Resources 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.