Core Natural Resources (NYSE:CNR) Trading Down 5.4% – Should You Sell?

Core Natural Resources, Inc. (NYSE:CNR) fell 5.4% during mid-day trading on Wednesday . The stock traded as low as $72.24 and last traded at $72.31. 582,123 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,141,106 shares. The stock had previously closed at $76.41.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $112.00 price target on shares of Core Natural Resources in a report on Tuesday, February 25th. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $165.00 to $150.00 in a report on Monday, January 6th. B. Riley decreased their price objective on shares of Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a report on Monday, February 24th. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and dropped their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, StockNews.com began coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.17.

Core Natural Resources Stock Down 7.0 %

The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average price is $108.10 and its 200 day moving average price is $132.42. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 7.40 and a beta of 1.65.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.44. The company 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%. As a group, research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.56%. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Institutional Trading of Core Natural Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in 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. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources in the fourth quarter valued at approximately $26,000. Fortitude Family Office LLC increased its position 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 worth $28,000 after purchasing an additional 104 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 buying an additional 170 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.