Core Natural Resources, Inc. Declares Quarterly Dividend of $0.10 (NYSE:CNR)

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.10 per share by the energy company on Monday, March 17th. This represents a $0.40 annualized dividend and a yield of 0.52%. The ex-dividend date is Monday, March 3rd.

Core Natural Resources has a dividend payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Core Natural Resources to earn $11.40 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.8%.

Core Natural Resources Trading Down 5.1 %

CNR traded down $4.19 during trading on Friday, hitting $77.60. 895,681 shares of the company’s stock were exchanged, compared to its average volume of 1,123,927. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. Core Natural Resources has a 1 year low of $74.74 and a 1 year high of $134.59. The stock has a 50 day moving average price of $126.21 and a 200 day moving average price of $137.24. The firm has a market cap of $2.28 billion, a P/E ratio of 5.70 and a beta of 1.74.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.44. Core Natural Resources had a net margin of 18.02% and a return on equity of 28.96%. The company had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. As a group, analysts expect that Core Natural Resources will post 10.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CNR. Benchmark upped their target price on shares of Core Natural Resources from $105.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Piper Sandler upgraded shares of Core Natural Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $165.00 to $150.00 in a research note on Monday, January 6th. StockNews.com began coverage on shares of Core Natural Resources in a research note on Thursday, January 30th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and decreased 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.