Core Natural Resources (NYSE:CNR) Stock Price Up 3.8% – Here’s What Happened

Core Natural Resources, Inc. (NYSE:CNR) shares shot up 3.8% on Tuesday . The company traded as high as $75.26 and last traded at $74.78. 180,934 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,108,428 shares. The stock had previously closed at $72.04.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CNR. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and dropped their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. B. Riley lowered their price objective on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. StockNews.com initiated coverage on Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating on the stock. Benchmark reiterated a “buy” rating and set a $112.00 price objective on shares of Core Natural Resources in a research report on Tuesday, February 25th. Finally, Piper Sandler raised Core Natural Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Core Natural Resources presently has a consensus rating of “Moderate Buy” and an average target price of $147.17.

Core Natural Resources Trading Down 1.7 %

The firm has a fifty day moving average price of $99.92 and a 200-day moving average price of $130.01. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 7.62 and a beta of 1.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38.

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 business had revenue of $595.29 million for the quarter, compared to analyst estimates of $493.50 million. Core Natural Resources had a return on equity of 23.87% and a net margin of 12.81%. As a group, equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources’s dividend payout ratio (DPR) is presently 4.16%.

Institutional Trading of Core Natural Resources

Several large investors have recently bought and sold shares of CNR. GAMMA Investing LLC boosted its stake in shares of Core Natural Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources during the fourth quarter valued at about $26,000. Fortitude Family Office LLC boosted its stake 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 valued at $28,000 after purchasing an additional 104 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Core Natural Resources by 82.0% during the fourth 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 boosted its stake 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 valued at $35,000 after purchasing an additional 170 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.