BMO Capital Markets Increases Warrior Met Coal (NYSE:HCC) Price Target to $70.00

Warrior Met Coal (NYSE:HCC) had its target price hoisted by BMO Capital Markets from $62.00 to $70.00 in a research report released on Thursday morning, Benzinga reports. They currently have a market perform rating on the stock.

A number of other research analysts have also recently commented on the company. Citigroup upgraded Warrior Met Coal from a neutral rating to a buy rating and raised their target price for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. B. Riley decreased their price target on shares of Warrior Met Coal from $89.00 to $87.00 and set a buy rating for the company in a research note on Monday, April 15th. Finally, UBS Group began coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a neutral rating and a $68.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal has an average rating of Moderate Buy and a consensus price target of $72.80.

Warrior Met Coal Trading Up 1.1 %

Shares of HCC opened at $66.23 on Thursday. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.46 billion, a P/E ratio of 7.97 and a beta of 1.05. Warrior Met Coal has a twelve month low of $31.97 and a twelve month high of $71.91. The firm has a fifty day simple moving average of $60.90 and a two-hundred day simple moving average of $58.72.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The business had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. During the same quarter last year, the business posted $3.57 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, research analysts anticipate that Warrior Met Coal will post 6.98 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, May 3rd. Warrior Met Coal’s payout ratio is 3.85%.

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $58.15 per share, with a total value of $116,300.00. Following the completion of the transaction, the director now owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently bought and sold shares of the stock. USA Financial Formulas purchased a new position in shares of Warrior Met Coal during the 4th quarter valued at about $25,000. Millburn Ridgefield Corp bought a new stake in shares of Warrior Met Coal during the 3rd quarter valued at $32,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Warrior Met Coal during the 4th quarter valued at $38,000. SYSTM Wealth Solutions LLC purchased a new stake in Warrior Met Coal in the 1st quarter worth $39,000. Finally, Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares during the period. 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.