Warrior Met Coal (NYSE:HCC) Trading Up 10.5% – Should You Buy?

Shares of Warrior Met Coal (NYSE:HCC) traded up 10.5% during mid-day trading on Monday . The company traded as high as $104.70 and last traded at $104.50. 324,506 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 923,443 shares. The stock had previously closed at $94.54.

Analysts Set New Price Targets

Several analysts recently commented on HCC shares. Citigroup raised their target price on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. UBS Group reduced their price target on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $102.80.

Warrior Met Coal Stock Up 9.6%

The company has a market cap of $5.47 billion, a price-to-earnings ratio of 39.53 and a beta of 0.62. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $89.70 and a two-hundred day moving average of $87.68.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The firm had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same quarter last year, the firm posted ($0.16) earnings per share. Warrior Met Coal’s quarterly revenue was up 52.9% on a year-over-year basis. As a group, equities analysts anticipate that Warrior Met Coal will post 6.78 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s payout ratio is 12.21%.

Institutional Investors Weigh In On Warrior Met Coal

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its stake in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC increased its stake in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new stake in Warrior Met Coal during the 4th quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. increased its stake in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after buying an additional 455 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.