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CANONSBURG, PA – Holly K. Koeppel, a director at Core Natural Resources , Inc. (NYSE:CNR), a $4.2 billion market cap company currently trading at $77.92, sold a total of 8,815 shares of the company’s common stock on March 31, 2025, according to a recent SEC filing. InvestingPro analysis suggests the stock is currently undervalued, with a P/E ratio of 8.07x. The sales were executed at prices ranging from $74.97 to $75.68 per share, amounting to a total transaction value of $663,731.
Following these transactions, Koeppel retains ownership of 13,348 shares, of which 3,348 are unvested restricted stock units. The sales were made to cover tax liabilities arising from the vesting of restricted stock awards, as per the terms of a merger agreement involving Core Natural Resources and other entities.
These transactions were carried out in multiple trades, with the prices reflecting the weighted average purchase price on the specified date. Want deeper insights into insider trading patterns and 8 additional exclusive ProTips? Check out InvestingPro for comprehensive analysis tools and real-time alerts.
In other recent news, Core Natural Resources has completed its merger with Arch Resources, a significant event in the coal mining industry. This merger, finalized in January 2025, was described as a "merger of equals" and marks a strategic move to strengthen Core’s market position. The company has also filed the audited consolidated financial statements of Arch Resources for the years 2023 and 2024 with the SEC, providing investors with a clearer view of the combined entity’s financial health. Additionally, Core Natural Resources has announced plans to return about 75% of its free cash flow to shareholders, primarily through a $1.0 billion share repurchase program, alongside a sustaining quarterly dividend of $0.10 per share.
Benchmark analysts have reiterated their Buy rating for Core Natural Resources, setting a price target of $112, despite the fourth quarter adjusted EBITDA falling short of expectations. The company faced challenges with a combustion event at the Leer South mine, impacting coking coal sales, but development work has resumed. Jefferies has initiated coverage on the company with a Hold rating and a $93 price target, noting Core’s diversified coal exposure and larger market capitalization. Jefferies also highlighted that Core’s valuation benefits from its significant exposure to both seaborne metallurgical and high-quality seaborne thermal coal markets. The firm’s neutral stance suggests that while Core’s share price could perform well during rising coal prices, there may be more attractive opportunities elsewhere in the coal sector.
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