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

Shares of Warrior Met Coal (NYSE:HCC) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $103.00.

Several research analysts have commented on HCC shares. UBS Group cut their target price on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th.

Warrior Met Coal Trading Down 0.4%

HCC opened at $80.52 on Tuesday. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 30.73 and a beta of 0.65. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a twelve month low of $47.88 and a twelve month high of $110.39. The company has a 50-day simple moving average of $90.23 and a 200 day simple moving average of $89.83.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.Warrior Met Coal’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.16) earnings per share. Analysts predict that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s dividend payout ratio (DPR) is presently 12.21%.

Insider Activity

In related news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Warrior Met Coal

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the period. Parallel Advisors LLC increased its stake in Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc bought a new stake in Warrior Met Coal in the fourth quarter valued at $37,000. Finally, Aster Capital Management DIFC Ltd raised its holdings in shares of Warrior Met Coal by 919.6% during the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after purchasing an additional 846 shares during the period. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.