Warrior Met Coal, Inc. (NYSE:HCC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $72.60.

HCC has been the subject of a number of analyst reports. B. Riley cut their target price on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Warrior Met Coal

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Warrior Met Coal by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock valued at $1,213,000 after purchasing an additional 231 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Warrior Met Coal by 6.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock valued at $245,000 after buying an additional 231 shares during the period. Sei Investments Co. increased its holdings in shares of Warrior Met Coal by 1.2% during the 1st quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after buying an additional 277 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Warrior Met Coal by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 6,397 shares of the company’s stock worth $402,000 after buying an additional 277 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Up 3.1 %

Warrior Met Coal stock opened at $64.65 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. Warrior Met Coal has a fifty-two week low of $44.76 and a fifty-two week high of $75.53. The stock has a 50-day simple moving average of $59.70 and a 200-day simple moving average of $62.95. The company has a market capitalization of $3.38 billion, a P/E ratio of 7.78 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The company had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same period in the previous year, the business posted $1.63 earnings per share. Warrior Met Coal’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Warrior Met Coal will post 5.55 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. Warrior Met Coal’s payout ratio is 3.85%.

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.