Warrior Met Coal (NYSE:HCC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts have also weighed in on HCC. UBS Group lifted their price objective on shares of Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. B. Riley decreased their price objective on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus target price of $65.50.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $66.52 on Friday. The firm has a 50-day moving average price of $60.99 and a 200-day moving average price of $52.51. The firm has a market capitalization of $3.50 billion, a PE ratio of 86.39 and a beta of 0.78. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same quarter last year, the business earned $1.35 EPS. The business’s revenue was down 25.0% on a year-over-year basis. As a group, equities research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s payout ratio is 41.56%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HCC. EverSource Wealth Advisors LLC grew its holdings in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after buying an additional 253 shares during the last quarter. Covestor Ltd grew its holdings in shares of Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after buying an additional 335 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after buying an additional 2,894 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after buying an additional 894 shares during the last quarter. Institutional investors 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.