Warrior Met Coal (NYSE:HCC) Receives $103.40 Consensus Price Target from Analysts

Shares of Warrior Met Coal (NYSE:HCC) have received an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $103.40.

Several research analysts have commented on HCC shares. Jefferies Financial Group raised their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group raised their price objective on Warrior Met Coal from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Citigroup raised their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH increased its holdings in shares of Warrior Met Coal by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after acquiring an additional 130,396 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Warrior Met Coal by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock valued at $52,095,000 after acquiring an additional 55,416 shares during the period. QV Investors Inc. purchased a new position in shares of Warrior Met Coal in the 3rd quarter valued at $10,549,000. Capital International Investors increased its holdings in shares of Warrior Met Coal by 27.1% in the 3rd quarter. Capital International Investors now owns 852,403 shares of the company’s stock valued at $54,247,000 after acquiring an additional 181,975 shares during the period. Finally, Affinity Wealth Management LLC purchased a new position in shares of Warrior Met Coal in the 3rd quarter valued at $2,167,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Trading Down 2.2%

HCC opened at $88.64 on Thursday. The stock’s fifty day moving average is $87.70 and its two-hundred day moving average is $83.81. The company has a market capitalization of $4.68 billion, a P/E ratio of 81.32 and a beta of 0.67. Warrior Met Coal has a 52 week low of $40.80 and a 52 week high of $105.35. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). The firm had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. Analysts forecast that Warrior Met Coal will post 7.79 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 7th. Stockholders of record on Friday, May 1st will be issued a $0.08 dividend. The ex-dividend date is Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 29.36%.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.