Warrior Met Coal (NYSE:HCC) Given New $72.00 Price Target at BMO Capital Markets

Warrior Met Coal (NYSE:HCC) had its price objective upped by BMO Capital Markets from $65.00 to $72.00 in a research note published on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

Several other brokerages have also commented on HCC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. B. Riley dropped their price target on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. UBS Group boosted their target price on Warrior Met Coal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $71.50.

Warrior Met Coal Stock Down 0.3%

Warrior Met Coal stock traded down $0.21 during mid-day trading on Thursday, reaching $81.09. The stock had a trading volume of 1,367,693 shares, compared to its average volume of 851,621. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 101.62 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.44. The company has a 50-day moving average price of $63.50 and a two-hundred day moving average price of $55.04. Warrior Met Coal has a one year low of $38.00 and a one year high of $82.29.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. On average, analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 7th. Warrior Met Coal’s dividend payout ratio is presently 41.56%.

Insiders Place Their Bets

In other news, CEO Walter J. Scheller sold 18,966 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the transaction, the chief executive officer directly owned 394,183 shares of the company’s stock, valued at approximately $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in HCC. State Street Corp lifted its position in Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after acquiring an additional 825,807 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock worth $112,697,000 after purchasing an additional 367,326 shares during the last quarter. L1 Capital Pty Ltd lifted its holdings in shares of Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after purchasing an additional 1,262,736 shares during the period. American Century Companies Inc. boosted its position in Warrior Met Coal by 1.2% in the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock valued at $88,037,000 after buying an additional 23,698 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after buying an additional 1,069,025 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.