Warrior Met Coal’s (HCC) Hold Rating Reiterated at Benchmark

Benchmark reissued their hold rating on shares of Warrior Met Coal (NYSE:HCC) in a report released on Friday,Benzinga reports.

Other analysts also recently issued research reports about the company. B. Riley lifted their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group decreased their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Warrior Met Coal Stock Down 8.1 %

HCC stock opened at $49.69 on Friday. Warrior Met Coal has a fifty-two week low of $49.33 and a fifty-two week high of $75.53. The business’s 50-day moving average is $55.04 and its two-hundred day moving average is $59.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 6.86 and a beta of 1.07.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. As a group, analysts forecast that Warrior Met Coal will post 5.3 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after buying an additional 180 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $43,000. GAMMA Investing LLC lifted its stake in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after acquiring an additional 279 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after acquiring an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.