Warrior Met Coal (NYSE:HCC) Given New $86.00 Price Target at B. Riley

Warrior Met Coal (NYSE:HCC) had its price target lowered by B. Riley from $90.00 to $86.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group lowered their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Warrior Met Coal Stock Up 1.5 %

Shares of HCC stock opened at $50.33 on Tuesday. Warrior Met Coal has a 1 year low of $49.33 and a 1 year high of $75.53. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.63 billion, a P/E ratio of 6.95 and a beta of 1.07. The firm’s fifty day moving average price is $54.49 and its two-hundred day moving average price is $59.56.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. On average, equities analysts predict that Warrior Met Coal will post 5.3 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis 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 currently 4.42%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Warrior Met Coal by 24.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 119,250 shares of the company’s stock worth $6,468,000 after acquiring an additional 23,802 shares during the period. Woodline Partners LP increased its holdings in shares of Warrior Met Coal by 224.2% in the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company’s stock worth $36,361,000 after buying an additional 463,577 shares during the period. Wexford Capital LP bought a new stake in shares of Warrior Met Coal in the 4th quarter valued at about $3,924,000. Silver Point Capital L.P. purchased a new stake in Warrior Met Coal during the 4th quarter valued at about $34,985,000. Finally, Malaga Cove Capital LLC grew its position in Warrior Met Coal by 153.1% during the 4th quarter. Malaga Cove Capital LLC now owns 8,293 shares of the company’s stock worth $450,000 after acquiring an additional 5,017 shares during the last quarter. 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.