Warrior Met Coal (NYSE:HCC) Receives $102.60 Average PT from Analysts

Warrior Met Coal (NYSE:HCC) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $102.60.

Several analysts have weighed in on the stock. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, UBS Group decreased their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th.

Insiders Place Their Bets

In related news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the transaction, the chief executive officer directly owned 317,793 shares in the company, valued at approximately $33,368,265. This represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 74,800 shares of company stock valued at $7,950,304. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several large investors have recently made changes to their positions in HCC. Quantbot Technologies LP acquired a new stake in Warrior Met Coal in the second quarter worth about $31,000. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its position in Warrior Met Coal by 217.2% during 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 period. Parallel Advisors LLC boosted its stake in shares of 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. Finally, IFP Advisors Inc bought a new position in shares of Warrior Met Coal in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC opened at $106.68 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The business’s fifty day moving average price is $86.37 and its two-hundred day moving average price is $88.40. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $110.39. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 25.64 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.40 by $0.25. The company had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, analysts predict that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 7.69%.

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.