BMO Capital Markets Boosts Warrior Met Coal (NYSE:HCC) Price Target to $70.00

Warrior Met Coal (NYSE:HCC) had its target price raised by BMO Capital Markets from $62.00 to $70.00 in a research report released on Thursday, Benzinga reports. The firm currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley decreased 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 report on Monday, April 15th. UBS Group started 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $72.80.

Warrior Met Coal Stock Performance

HCC stock traded up $0.82 during mid-day trading on Thursday, reaching $66.23. 621,682 shares of the stock traded hands, compared to its average volume of 793,044. The company has a quick ratio of 5.99, a current ratio of 6.86 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 $60.90 and a two-hundred day moving average of $58.65. The firm has a market capitalization of $3.46 billion, a PE ratio of 7.97 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 25.94% and a return on equity of 24.71%. 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 6.98 EPS for the current fiscal 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 paid a $0.08 dividend. 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 presently 3.85%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the transaction, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group acquired a new position in Warrior Met Coal in the first quarter worth about $1,582,000. Capstone Investment Advisors LLC acquired a new stake in shares of Warrior Met Coal during the first quarter worth approximately $924,000. Janney Montgomery Scott LLC increased its holdings in shares of Warrior Met Coal by 3.2% during the first quarter. Janney Montgomery Scott LLC now owns 65,117 shares of the company’s stock worth $3,953,000 after buying an additional 2,036 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Warrior Met Coal by 74.7% during the first quarter. BNP Paribas Financial Markets now owns 30,961 shares of the company’s stock worth $1,879,000 after buying an additional 13,241 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Warrior Met Coal by 23.3% during the first quarter. Van ECK Associates Corp now owns 125,611 shares of the company’s stock worth $7,625,000 after buying an additional 23,728 shares in the last quarter. Institutional investors and hedge funds own 92.28% 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.