Old West Investment Management LLC Acquires New Holdings in Core Natural Resources, Inc. $CNR

Old West Investment Management LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 104,503 shares of the energy company’s stock, valued at approximately $8,724,000. Core Natural Resources comprises approximately 2.0% of Old West Investment Management LLC’s portfolio, making the stock its 18th biggest holding.

Several other large investors also recently added to or reduced their stakes in CNR. Oregon Public Employees Retirement Fund raised its holdings in shares of Core Natural Resources by 1.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock valued at $968,000 after purchasing an additional 121 shares in the last quarter. AlphaQuest LLC boosted its holdings in Core Natural Resources by 4.2% in the third quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock worth $258,000 after purchasing an additional 124 shares in the last quarter. GAMMA Investing LLC increased its position in Core Natural Resources by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock worth $118,000 after buying an additional 128 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after buying an additional 191 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its holdings in Core Natural Resources by 6.5% during the second quarter. Resonant Capital Advisors LLC now owns 3,401 shares of the energy company’s stock valued at $237,000 after buying an additional 207 shares in the last quarter. 86.54% of the stock is owned by institutional investors.

Core Natural Resources Stock Performance

Shares of NYSE CNR opened at $92.32 on Friday. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $103.50. The company has a market cap of $4.73 billion, a P/E ratio of -214.69 and a beta of 0.34. The business’s 50 day moving average is $90.35 and its two-hundred day moving average is $83.51. 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 posted its quarterly earnings data 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. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.Core Natural Resources’s quarterly revenue 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 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.