Analysts Set Core Natural Resources, Inc. (NYSE:CNR) Target Price at $140.20

Core Natural Resources, Inc. (NYSE:CNR) has earned an average rating of “Buy” from the four research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $132.75.

Several research firms have recently commented on CNR. B. Riley lowered their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a “buy” rating on the stock in a report on Friday, April 11th. StockNews.com assumed coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Jefferies Financial Group raised Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark reiterated a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday, February 25th.

Core Natural Resources Trading Up 4.1 %

Shares of NYSE:CNR opened at $75.74 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The company has a market cap of $4.05 billion, a P/E ratio of 7.88 and a beta of 1.42. The stock’s fifty day moving average price is $74.04 and its 200-day moving average price is $120.69. Core Natural Resources has a 1 year low of $58.19 and a 1 year high of $134.59.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $1.44. The business had revenue of $595.29 million during the quarter, compared to analysts’ expectations of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Sell-side analysts expect that Core Natural Resources will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Core Natural Resources’s payout ratio is 4.16%.

Insider Activity

In other news, Director Holly K. Koeppel sold 8,815 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now owns 13,348 shares of the company’s stock, valued at approximately $1,005,104.40. This represents a 39.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Core Natural Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Core Natural Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Core Natural Resources by 82.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Core Natural Resources in the fourth quarter worth about $26,000. Jones Financial Companies Lllp grew its stake in shares of Core Natural Resources by 226.7% during the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock worth $35,000 after acquiring an additional 170 shares during the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

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.