Warrior Met Coal, Inc. (NYSE:HCC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $72.80.

A number of research firms have recently commented on HCC. B. Riley raised their price target on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. BMO Capital Markets lifted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $66.46 on Friday. The business’s 50-day simple moving average is $66.14 and its 200 day simple moving average is $62.23. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 8.00 and a beta of 1.05. Warrior Met Coal has a 12-month low of $36.70 and a 12-month high of $73.08. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The firm had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. During the same quarter in the prior year, the firm posted $3.57 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Warrior Met Coal will post 6.98 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were paid a $0.08 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.32 annualized dividend and a yield of 0.48%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Institutional Trading of Warrior Met Coal

Several institutional investors have recently added to or reduced their stakes in HCC. USA Financial Formulas acquired a new position in Warrior Met Coal in the 4th quarter valued at $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in Warrior Met Coal in the 4th quarter valued at $38,000. SYSTM Wealth Solutions LLC acquired a new position in Warrior Met Coal in the 1st quarter valued at $39,000. EntryPoint Capital LLC acquired a new position in Warrior Met Coal in the 1st quarter valued at $54,000. Finally, Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares in 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.