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

Core Natural Resources (NYSE:CNR) announced its quarterly earnings results on Thursday. The energy company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.44, Zacks reports. 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%.

Core Natural Resources Trading Down 5.2 %

NYSE CNR opened at $77.56 on Friday. The firm’s 50-day moving average is $126.21 and its two-hundred day moving average is $137.24. Core Natural Resources has a 12 month low of $74.74 and a 12 month high of $134.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.38 and a quick ratio of 1.16. The stock has a market capitalization of $2.28 billion, a P/E ratio of 8.07 and a beta of 1.74.

Core Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.52%. Core Natural Resources’s payout ratio is currently 10.41%.

Wall Street Analysts Forecast Growth

CNR has been the topic of several recent research reports. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and lowered their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Piper Sandler raised shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark boosted their price target on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, StockNews.com began coverage on shares of Core Natural Resources in a research report on Thursday, January 30th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Core Natural Resources currently has a consensus 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.