Core Natural Resources (NYSE:CNR) Posts Quarterly Earnings Results, Beats Expectations By $1.44 EPS

Core Natural Resources (NYSE:CNR) issued its quarterly earnings results on Thursday. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.44, Zacks reports. The business had revenue of $595.29 million for 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%.

Core Natural Resources Stock Performance

Shares of Core Natural Resources stock opened at $77.56 on Friday. The firm has a market capitalization of $2.28 billion, a P/E ratio of 8.07 and a beta of 1.74. Core Natural Resources has a 52 week low of $74.74 and a 52 week high of $134.59. 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 firm’s 50 day moving average is $126.21 and its two-hundred day moving average is $137.24.

Core Natural Resources Cuts Dividend

The business also recently declared 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 0.52%. Core Natural Resources’s dividend payout ratio is currently 10.41%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Benchmark increased their price target on shares of Core Natural Resources from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com initiated coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and cut their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.83.

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.