Warrior Met Coal (NYSE:HCC) Receives $102.60 Average Price Target from Brokerages

Shares of Warrior Met Coal (NYSE:HCC) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $102.60.

A number of analysts recently issued reports on HCC shares. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. B. Riley Financial upped their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Warrior Met Coal Trading Down 0.0%

NYSE:HCC opened at $106.68 on Wednesday. The company has a market cap of $5.63 billion, a P/E ratio of 25.64 and a beta of 0.65. The stock’s fifty day moving average price is $86.37 and its two-hundred day moving average price is $88.39. Warrior Met Coal has a 1 year low of $54.66 and a 1 year high of $110.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. As a group, analysts expect that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is 7.69%.

Insiders Place Their Bets

In other Warrior Met Coal news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the sale, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This represents a 13.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. The trade was a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 74,800 shares of company stock worth $7,950,304 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NWF Advisory Services Inc. boosted its stake in Warrior Met Coal by 4.7% during the second quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock valued at $7,577,000 after buying an additional 4,150 shares during the period. Nykredit A S bought a new position in Warrior Met Coal in the 2nd quarter worth about $50,000. Maple Rock Capital Partners Inc. increased its stake in Warrior Met Coal by 77.2% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock worth $20,579,000 after acquiring an additional 110,500 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $863,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $479,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.