Key Points
- CAO sale: Chief Accounting Officer John Rothka sold 3,800 shares on March 10 at an average of $91.62 for $348,156, reducing his stake by 38% to 6,190 shares, as disclosed in an SEC filing.
- Earnings miss but revenue growth: Core Natural Resources reported a loss of $1.54 EPS for the quarter, missing the $0.78 consensus, while revenue rose 81.8% year-over-year to $1.04 billion and the company showed negative net margin and ROE.
- Dividend and market/analyst backdrop: The company declared a $0.10 quarterly dividend (0.4% yield) payable March 16; the stock traded up 0.6% to $96.37 and carries a MarketBeat average rating of "Hold" with mixed analyst downgrades and a $111.38 target.
Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) CAO John Rothka sold 3,800 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total value of $348,156.00. Following the sale, the chief accounting officer directly owned 6,190 shares of the company's stock, valued at $567,127.80. This represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Core Natural Resources Stock Up 0.6%
Shares of Core Natural Resources stock traded up $0.57 on Thursday, hitting $96.37. The company had a trading volume of 52,544 shares, compared to its average volume of 797,368. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $103.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 1.60. The stock has a 50 day moving average of $92.20 and a 200-day moving average of $85.88. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of -31.90 and a beta of 0.34.
Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $996.54 million. During the same period in the previous year, the firm earned $1.04 EPS. The firm's quarterly revenue was up 81.8% on a year-over-year basis. As a group, sell-side analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.
Core Natural Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Core Natural Resources's payout ratio is currently -13.29%.
Hedge Funds Weigh In On Core Natural Resources
Hedge funds have recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in Core Natural Resources during the 3rd quarter valued at about $25,000. AdvisorNet Financial Inc increased its holdings in shares of Core Natural Resources by 1,290.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company's stock worth $26,000 after buying an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company's stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. CWM LLC lifted its position in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company's stock worth $30,000 after buying an additional 106 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Core Natural Resources in the 3rd quarter worth approximately $31,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on CNR shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Core Natural Resources in a report on Monday, December 29th. Zacks Research cut shares of Core Natural Resources from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. Finally, Wall Street Zen downgraded shares of Core Natural Resources from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $111.38.
Get Our Latest Report on Core Natural Resources
Core Natural Resources Company Profile
(
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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. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.
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