Warrior Met Coal (NYSE:HCC) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Warrior Met Coal (NYSE:HCC) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $104.50.

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Royal Bank Of Canada boosted their price target on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Wall Street Zen raised shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter Scheller sold 50,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the transaction, the chief executive officer owned 267,793 shares of the company’s stock, valued at $29,457,230. This represents a 15.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently modified their holdings of HCC. BlackRock Inc. purchased a new stake in Warrior Met Coal during the second quarter valued at approximately $606,503,000. Goehring & Rozencwajg Associates LLC purchased a new position in shares of Warrior Met Coal in the 1st quarter worth approximately $55,714,000. Bank of New York Mellon Corp purchased a new position in shares of Warrior Met Coal in the 2nd quarter worth approximately $31,201,000. Encompass Capital Advisors LLC bought a new position in shares of Warrior Met Coal during the 4th quarter valued at approximately $33,133,000. Finally, Summit Street Capital Management LLC bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at approximately $25,744,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Trading Down 4.5%

Shares of HCC stock opened at $89.70 on Thursday. Warrior Met Coal has a 12-month low of $61.87 and a 12-month high of $111.42. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $96.88 and its 200 day moving average is $91.04. The stock has a market capitalization of $4.74 billion, a P/E ratio of 21.56 and a beta of 0.72.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same period in the previous year, the business earned $0.11 EPS. The company’s quarterly revenue was up 71.3% compared to the same quarter last year. Research analysts expect that Warrior Met Coal will post 6.71 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

About Warrior Met Coal

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.