B. Riley Cuts Core Natural Resources (NYSE:CNR) Price Target to $136.00

Core Natural Resources (NYSE:CNR) had its target price cut by B. Riley from $140.00 to $136.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock. B. Riley also issued estimates for Core Natural Resources’ Q1 2025 earnings at $1.67 EPS, Q2 2025 earnings at $2.27 EPS, Q3 2025 earnings at $3.57 EPS, Q4 2025 earnings at $3.86 EPS, FY2025 earnings at $11.37 EPS, Q1 2026 earnings at $3.87 EPS, Q2 2026 earnings at $3.91 EPS, Q3 2026 earnings at $3.97 EPS, Q4 2026 earnings at $3.91 EPS, FY2026 earnings at $15.67 EPS and FY2027 earnings at $15.58 EPS.

Several other analysts also recently weighed in on CNR. Benchmark lifted their price objective on Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 18th. Piper Sandler upgraded Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and decreased their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com assumed coverage on Core Natural Resources in a report on Thursday, January 30th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Core Natural Resources presently has an average rating of “Moderate Buy” and a consensus price target of $147.17.

Core Natural Resources Stock Up 1.0 %

Shares of CNR opened at $75.07 on Monday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 7.81 and a beta of 1.74. Core Natural Resources has a 12-month low of $73.09 and a 12-month high of $134.59. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $120.21 and a 200-day moving average price of $135.74.

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

Core Natural Resources Cuts Dividend

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

Hedge Funds Weigh In On Core Natural Resources

A number of large investors have recently added to or reduced their stakes in CNR. FMR LLC raised its holdings in Core Natural Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after purchasing an additional 404,249 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Core Natural Resources in the fourth quarter worth about $28,790,000. Victory Capital Management Inc. increased its holdings in shares of Core Natural Resources by 578.7% during the third quarter. Victory Capital Management Inc. now owns 265,133 shares of the energy company’s stock valued at $27,746,000 after acquiring an additional 226,069 shares in the last quarter. Holocene Advisors LP increased its holdings in shares of Core Natural Resources by 422.4% during the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after acquiring an additional 202,425 shares in the last quarter. Finally, Trium Capital LLP acquired a new position in shares of Core Natural Resources during the fourth quarter valued at about $21,109,000. 86.54% of the stock is currently owned by institutional investors.

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.