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

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $72.00.

Several equities research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their target price for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. BMO Capital Markets raised their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, B. Riley cut their price target on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Monday, April 15th.

Warrior Met Coal Stock Performance

HCC stock traded down $1.13 during mid-day trading on Thursday, reaching $66.77. 314,828 shares of the stock traded hands, compared to its average volume of 826,125. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 52 week low of $31.97 and a 52 week high of $71.91. The business has a 50-day moving average of $60.57 and a two-hundred day moving average of $58.41. The firm has a market capitalization of $3.49 billion, a PE ratio of 7.34 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last released its quarterly 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. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The company had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. During the same period in the prior year, the company earned $3.57 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts predict that Warrior Met Coal will post 6.83 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s payout ratio is 3.48%.

Insider Transactions at Warrior Met Coal

In related news, Director Alan H. Schumacher purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

Institutional investors have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Warrior Met Coal during the 4th quarter worth $25,000. Millburn Ridgefield Corp bought a new position in shares of Warrior Met Coal during the third quarter worth $32,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Warrior Met Coal during the fourth quarter worth $38,000. SYSTM Wealth Solutions LLC bought a new position in shares of Warrior Met Coal during the first quarter worth $39,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.