Key Points
- CEO James Brock sold 40,760 shares on March 18 at an average price of $101.15 for about $4.12M, leaving him with 100,000 shares — a 28.96% reduction in his holdings.
- Quarterly results missed on EPS: the company reported ($1.54) EPS vs. a ($0.78) consensus while revenue rose 81.8% to $1.04B, but margins and ROE remained negative.
- Shares jumped ~5.7%, opening at $107.29 and trading near a 52‑week high of $113.57; analysts’ consensus is a Hold with an average target of $112.25, and Core pays a $0.10 quarterly dividend (0.4% yield).
Core Natural Resources, Inc. (NYSE:CNR - Get Free Report) CEO James Brock sold 40,760 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the completion of the transaction, the chief executive officer directly owned 100,000 shares of the company's stock, valued at approximately $10,115,000. This represents a 28.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Core Natural Resources Trading Up 5.7%
Shares of CNR opened at $107.29 on Friday. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $113.57. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average is $93.42 and its two-hundred day moving average is $86.94. The stock has a market cap of $5.44 billion, a PE ratio of -35.64 and a beta of 0.34.
Core Natural Resources (NYSE:CNR - Get Free Report) last issued its earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.76). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. Core Natural Resources's quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. Research analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.
Core Natural Resources Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was 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 modified their holdings of the business. Corient Private Wealth LLC raised its holdings in Core Natural Resources by 122.3% in the 4th quarter. Corient Private Wealth LLC now owns 5,945 shares of the energy company's stock valued at $526,000 after buying an additional 3,271 shares during the period. Alberta Investment Management Corp purchased a new position in Core Natural Resources during the fourth quarter worth about $1,567,000. Regal Partners Ltd acquired a new stake in shares of Core Natural Resources during the fourth quarter valued at about $4,148,000. Empowered Funds LLC raised its stake in shares of Core Natural Resources by 8.0% in the 4th quarter. Empowered Funds LLC now owns 19,533 shares of the energy company's stock valued at $1,729,000 after acquiring an additional 1,440 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Core Natural Resources in the 4th quarter valued at approximately $423,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently commented on CNR shares. Wall Street Zen downgraded Core Natural Resources from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Zacks Research downgraded Core Natural Resources from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. UBS Group lifted their price target on Core Natural Resources from $105.00 to $109.00 and gave the stock a "buy" rating in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Core Natural Resources in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $112.25.
Check Out Our Latest Analysis on CNR
Core Natural Resources Company Profile
(
Get Free Report)
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.
Further Reading
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