Press coverage about Warrior Met Coal (NYSE:HCC) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Warrior Met Coal earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.3372127270049 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Insider Selling: Warrior Met Coal (HCC) Major Shareholder Sells 3,192,328 Shares of Stock (americanbankingnews.com)
- Financial Contrast: CONSOL Coal Resources (CCR) versus Warrior Met Coal (HCC) (americanbankingnews.com)
- Warrior Met Coal (HCC) Tops Q1 EPS by 34c; $40M Buyback (streetinsider.com)
- Hallador Energy (HNRG) versus Warrior Met Coal (HCC) Head-To-Head Review (americanbankingnews.com)
- Insider Selling: Warrior Met Coal (HCC) Director Sells 1,461,423 Shares of Stock (americanbankingnews.com)
Several research analysts recently weighed in on HCC shares. B. Riley restated a “hold” rating and set a $28.00 price target on shares of Warrior Met Coal in a research report on Wednesday, January 17th. Macquarie upgraded shares of Warrior Met Coal from an “underperform” rating to a “hold” rating in a research report on Tuesday, January 23rd. Credit Suisse Group upped their price target on shares of Warrior Met Coal from $18.75 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research report on Monday, February 12th. Finally, BMO Capital Markets upped their price target on shares of Warrior Met Coal to $39.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.20.
Warrior Met Coal opened at $26.65 on Wednesday, according to MarketBeat Ratings. Warrior Met Coal has a twelve month low of $26.27 and a twelve month high of $26.99. The stock has a market cap of $1.41 billion and a P/E ratio of 3.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.79 and a quick ratio of 4.36.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.34. Warrior Met Coal had a net margin of 39.30% and a return on equity of 73.24%. The company had revenue of $421.80 million during the quarter, compared to analysts’ expectations of $396.35 million. During the same quarter in the prior year, the company earned $2.06 EPS. Warrior Met Coal’s revenue was up 66.1% compared to the same quarter last year. sell-side analysts expect that Warrior Met Coal will post 7.36 earnings per share for the current fiscal year.
Warrior Met Coal announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 2nd that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to buy up to 3.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Friday, May 4th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, May 3rd. This represents a $0.20 annualized dividend and a yield of 0.75%. Warrior Met Coal’s dividend payout ratio is presently 2.53%.
In related news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $30.98, for a total transaction of $619,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jack K. Richardson sold 50,991 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $31.79, for a total transaction of $1,621,003.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,828,284 shares of company stock valued at $118,021,740. 0.51% of the stock is owned by corporate insiders.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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