Warrior Met Coal, Inc. (NYSE:HCC) Receives Consensus Rating of “Moderate Buy” from Analysts

Warrior Met Coal, Inc. (NYSE:HCC) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.00.

HCC has been the topic of a number of recent research reports. UBS Group initiated coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price target for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. B. Riley dropped their price target on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Thursday.

Warrior Met Coal Trading Down 1.7 %

Shares of HCC traded down $1.13 during trading hours on Thursday, hitting $66.77. 314,828 shares of the stock were exchanged, compared to its average volume of 826,125. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $71.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The business has a 50-day moving average of $60.57 and a 200-day moving average of $58.41. The firm has a market capitalization of $3.49 billion, a P/E ratio of 7.34 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.61. The company had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. Warrior Met Coal’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.57 earnings per share. On average, research analysts expect that Warrior Met Coal will post 6.83 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. Warrior Met Coal’s payout ratio is 3.48%.

Insider Transactions at Warrior Met Coal

In related news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds have recently bought and sold shares of the stock. KGH Ltd lifted its holdings in shares of Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock worth $132,297,000 after acquiring an additional 260,091 shares during the last quarter. FMR LLC lifted its holdings in shares of Warrior Met Coal by 1.0% in the 3rd quarter. FMR LLC now owns 2,325,535 shares of the company’s stock worth $118,788,000 after acquiring an additional 22,730 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Warrior Met Coal by 33.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock worth $59,137,000 after acquiring an additional 246,217 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Warrior Met Coal by 10.7% in the 3rd quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock worth $49,108,000 after acquiring an additional 92,941 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Warrior Met Coal by 9.7% in the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock worth $44,485,000 after acquiring an additional 64,672 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Company Profile

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.