Shares of Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $38.00.
Several equities analysts have weighed in on the company. B. Riley increased their target price on Warrior Met Coal from $45.00 to $48.00 in a research note on Thursday, July 7th. Clarkson Capital restated a “buy” rating on shares of Warrior Met Coal in a report on Tuesday, June 14th. Finally, Jefferies Financial Group upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and increased their price target for the stock from $36.00 to $50.00 in a report on Tuesday, June 7th.
Warrior Met Coal Trading Down 0.6 %
Shares of HCC opened at $29.77 on Friday. The company has a quick ratio of 4.68, a current ratio of 5.39 and a debt-to-equity ratio of 0.36. Warrior Met Coal has a 12-month low of $17.00 and a 12-month high of $42.95. The firm has a market capitalization of $1.54 billion, a PE ratio of 4.83 and a beta of 1.04. The stock’s fifty day simple moving average is $32.68 and its 200-day simple moving average is $33.07.
Warrior Met Coal (NYSE:HCC – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.55. Warrior Met Coal had a return on equity of 45.69% and a net margin of 26.02%. The business had revenue of $378.65 million for the quarter, compared to analyst estimates of $412.66 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The firm’s revenue for the quarter was up 77.1% compared to the same quarter last year. As a group, research analysts predict that Warrior Met Coal will post 11.3 earnings per share for the current year.
Warrior Met Coal Dividend Announcement
The firm also recently disclosed a None dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, May 13th were given a $0.50 dividend. The ex-dividend date was Thursday, May 12th. Warrior Met Coal’s payout ratio is 3.90%.
In related news, CAO Brian M. Chopin sold 8,500 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $34.00, for a total transaction of $289,000.00. Following the completion of the sale, the chief accounting officer now directly owns 6,545 shares of the company’s stock, valued at approximately $222,530. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
Hedge Funds Weigh In On Warrior Met Coal
A number of hedge funds have recently added to or reduced their stakes in the stock. Triasima Portfolio Management inc. increased its stake in shares of Warrior Met Coal by 467.5% in the 2nd quarter. Triasima Portfolio Management inc. now owns 4,710 shares of the company’s stock valued at $144,000 after purchasing an additional 3,880 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Warrior Met Coal by 9.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 39,069 shares of the company’s stock worth $1,195,000 after buying an additional 3,305 shares during the period. Bank of America Corp DE lifted its holdings in Warrior Met Coal by 36.0% during the 1st quarter. Bank of America Corp DE now owns 100,089 shares of the company’s stock worth $3,715,000 after buying an additional 26,492 shares during the period. Verition Fund Management LLC acquired a new position in Warrior Met Coal during the 1st quarter worth about $782,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Warrior Met Coal by 33.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 206,936 shares of the company’s stock worth $7,679,000 after buying an additional 51,444 shares during the period. Institutional investors own 90.16% of the company’s stock.
About Warrior Met Coal
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.
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Read More: Warrior Met Coal, Inc. (NYSE:HCC) Receives Consensus Rating of “Moderate Buy” from Brokerages