Warrior Met Coal, Inc. (NYSE:HCC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $72.80.

HCC has been the topic of several research analyst reports. B. Riley raised their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. BMO Capital Markets increased their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. UBS Group began coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective for the company. Finally, Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $64.76 on Thursday. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $31.97 and a 12-month high of $71.91. The firm has a fifty day moving average of $61.02 and a 200-day moving average of $58.84. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 7.79 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. The firm had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.57 earnings per share. On average, equities research analysts forecast that Warrior Met Coal will post 6.98 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.32 annualized dividend and a yield of 0.49%. Warrior Met Coal’s payout ratio is presently 3.85%.

Insider Buying and Selling at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its stake in shares of Warrior Met Coal by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock worth $1,155,000 after purchasing an additional 192 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Warrior Met Coal by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock worth $1,197,000 after buying an additional 279 shares during the last quarter. USA Financial Formulas bought a new stake in Warrior Met Coal in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its position in shares of Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after buying an additional 442 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Warrior Met Coal by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,526 shares of the company’s stock worth $2,763,000 after acquiring an additional 589 shares during the period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.