Core Natural Resources (NYSE:CNR) Hits New 1-Year Low – Here’s Why

Core Natural Resources, Inc. (NYSE:CNR)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $71.69 and last traded at $71.69, with a volume of 142198 shares changing hands. The stock had previously closed at $74.15.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CNR shares. StockNews.com initiated coverage on Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. B. Riley dropped their price target on Core Natural Resources from $140.00 to $136.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and cut their price objective for the company from $165.00 to $150.00 in a report on Monday, January 6th. Benchmark reissued a “buy” rating and issued a $112.00 target price on shares of Core Natural Resources in a report on Tuesday, February 25th. Finally, Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and cut their target price for the company from $165.00 to $150.00 in a research note 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 a consensus rating of “Moderate Buy” and an average price target of $147.17.

Core Natural Resources Trading Up 0.5 %

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 stock’s 50 day moving average is $114.82 and its 200-day moving average is $134.30. The company has a market cap of $3.86 billion, a PE ratio of 7.44 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last announced its earnings results 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 firm 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%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Monday, March 3rd. Core Natural Resources’s dividend payout ratio is currently 4.16%.

Institutional Investors Weigh In On Core Natural Resources

Several large investors have recently modified their holdings of CNR. Public Employees Retirement System of Ohio purchased a new position in Core Natural Resources during the 4th quarter worth $706,000. Captrust Financial Advisors purchased a new stake in Core Natural Resources during the fourth quarter worth $241,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Core Natural Resources during the 4th quarter valued at about $345,000. Price T Rowe Associates Inc. MD acquired a new stake in Core Natural Resources in the 4th quarter valued at $28,790,000. Finally, Marshall Wace LLP acquired a new stake in shares of Core Natural Resources in the fourth quarter valued at about $884,000. 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.