UBS Group Cuts Warrior Met Coal (NYSE:HCC) Price Target to $50.00

Warrior Met Coal (NYSE:HCC) had its price objective trimmed by UBS Group from $68.00 to $50.00 in a research report report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the company. B. Riley dropped their price target on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th.

Warrior Met Coal Price Performance

NYSE HCC opened at $45.20 on Wednesday. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.53. The stock’s 50-day moving average price is $47.22 and its two-hundred day moving average price is $54.67. The company has a market cap of $2.38 billion, a PE ratio of 9.44 and a beta of 0.75. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm had revenue of $299.94 million during the quarter, compared to analysts’ expectations of $296.39 million. During the same quarter last year, the company posted $2.63 EPS. The firm’s revenue was down 40.4% compared to the same quarter last year. On average, analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 15.92%.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in Warrior Met Coal in the fourth quarter worth approximately $43,000. GAMMA Investing LLC grew its position in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 279 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock valued at $89,000 after purchasing an additional 1,456 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

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.