Warrior Met Coal (NYSE:HCC) Receives $103.00 Consensus PT from Analysts

Warrior Met Coal (NYSE:HCC) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $103.00.

HCC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. UBS Group lowered their target price on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $79.08 on Friday. The firm has a 50-day simple moving average of $87.76 and a 200-day simple moving average of $88.80. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 30.18 and a beta of 0.65. Warrior Met Coal has a 52 week low of $49.07 and a 52 week high of $110.39.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The business’s revenue was up 52.9% compared to the same quarter last year. On average, equities analysts predict that Warrior Met Coal will post 5.83 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, August 10th. Warrior Met Coal’s dividend payout ratio is presently 12.21%.

Insider Activity

In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Warrior Met Coal during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its holdings in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after purchasing an additional 302 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Warrior Met Coal in the 4th quarter valued at approximately $37,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Warrior Met Coal in the 4th quarter valued at approximately $63,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.