Core Natural Resources (NYSE:CNR) Sets New 12-Month Low Following Analyst Downgrade

Core Natural Resources, Inc. (NYSE:CNR) reached a new 52-week low on Tuesday after B. Riley lowered their price target on the stock from $140.00 to $136.00. B. Riley currently has a buy rating on the stock. Core Natural Resources traded as low as $74.45 and last traded at $75.78, with a volume of 1522201 shares. The stock had previously closed at $77.84.

A number of other research firms have also recently weighed in on CNR. 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 report on Monday, January 6th. Benchmark increased their price target on Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and lowered their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. Finally, StockNews.com started coverage on Core Natural Resources in a report on Thursday, January 30th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.17.

Hedge Funds Weigh In On Core Natural Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake 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 during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Core Natural Resources in the 4th quarter valued at about $26,000. Fortitude Family Office LLC boosted its stake in shares of Core Natural Resources by 63.8% in the 4th quarter. Fortitude Family Office LLC now owns 267 shares of the energy company’s stock valued at $28,000 after buying an additional 104 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of 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 buying an additional 100 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company’s stock valued at $35,000 after buying an additional 170 shares during the period. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Stock Up 1.0 %

The firm has a 50 day moving average price of $120.21 and a 200-day moving average price of $135.74. 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 market cap of $2.21 billion, a PE ratio of 7.81 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 23.87% and a net margin of 12.81%. Research analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

About Core Natural Resources

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.