Core Natural Resources’ (CNR) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Core Natural Resources (NYSE:CNR) in a report issued on Tuesday morning,Benzinga reports. Benchmark currently has a $112.00 price objective on the energy company’s stock.

Several other equities analysts also recently weighed in on CNR. B. Riley dropped their target price 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. 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. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and cut their price objective for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Core Natural Resources presently has an average rating of “Moderate Buy” and an average target price of $147.17.

Core Natural Resources Trading Down 2.7 %

Shares of CNR opened at $73.22 on Tuesday. The firm’s 50-day moving average is $118.81 and its two-hundred day moving average is $135.31. Core Natural Resources has a twelve month low of $72.97 and a twelve 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 market capitalization of $2.15 billion, a P/E ratio of 7.62 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44. The firm had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. On average, research analysts predict that Core Natural Resources will post 11.4 earnings per share for the current fiscal 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 paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 0.55%. Core Natural Resources’s payout ratio is currently 4.16%.

Institutional Inflows and Outflows

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