Warrior Met Coal (NYSE:HCC) Shares Gap Up to $62.77

Warrior Met Coal, Inc. (NYSE:HCC) gapped up before the market opened on Monday . The stock had previously closed at $62.77, but opened at $67.95. Warrior Met Coal shares last traded at $70.73, with a volume of 265,408 shares.

Analysts Set New Price Targets

A number of research firms have recently commented on HCC. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Thursday, May 2nd. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price target for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. B. Riley boosted their price objective on shares of Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets upped their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.80.

Warrior Met Coal Stock Performance

The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $65.74 and a 200-day moving average of $62.50. The stock has a market cap of $3.64 billion, a PE ratio of 8.50 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. The business had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.57 EPS. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 6.98 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s payout ratio is currently 3.85%.

Institutional Trading of Warrior Met Coal

A number of large investors have recently made changes to their positions in the stock. USA Financial Formulas purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth about $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth $38,000. SYSTM Wealth Solutions LLC purchased a new position in shares of Warrior Met Coal in the 1st quarter valued at $39,000. EntryPoint Capital LLC purchased a new stake in Warrior Met Coal during the 1st quarter worth $54,000. Finally, Quadrant Capital Group LLC increased 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 purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

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.