Added to YB: 2024-01-17
Pitch date: 2024-01-16
CEIX [bullish]
Core Natural Resources, Inc.
-7.48%
current return
Author Info
No bio for this author
Company Info
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally.
Market Cap
$4.0B
Pitch Price
$91.84
Price Target
175.00 (+106%)
Dividend
0.53%
EV/EBITDA
8.10
P/E
22.89
EV/Sales
1.49
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Maintaining Strong Buy For Consol, My Coal-Culations Show Further Upside
CEIX: Low valuations post-COVID enabled significant buybacks (75%+ of FCF), reducing shares 15% in '23, EPS & FCFPS +17.6%. Strong Q3 financials, minimal debt. Pivoting from US thermal coal to <25% by '24. Global demand robust, prices may have bottomed. $125-$180 target by '25.
Read full article (5 min)