Warrior Met Coal (NYSE:HCC) Hits New 1-Year High at $28.54

Warrior Met Coal, Inc. (NYSE:HCC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $28.54 and last traded at $28.16, with a volume of 5002 shares changing hands. The stock had previously closed at $28.08.

HCC has been the subject of several research reports. BMO Capital Markets raised Warrior Met Coal from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $26.00 to $30.00 in a report on Thursday, December 16th. Citigroup boosted their price target on Warrior Met Coal from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Wednesday, September 29th. Royal Bank of Canada restated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, October 8th. Finally, Zacks Investment Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

The business has a 50 day simple moving average of $23.64 and a two-hundred day simple moving average of $22.38. The company has a current ratio of 3.57, a quick ratio of 2.87 and a debt-to-equity ratio of 0.51.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Tuesday, November 2nd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.41. The business had revenue of $202.47 million during the quarter, compared to the consensus estimate of $193.19 million. Warrior Met Coal had a positive return on equity of 4.84% and a negative net margin of 2.49%. During the same period in the prior year, the firm posted ($0.28) EPS. As a group, sell-side analysts expect that Warrior Met Coal, Inc. will post 2.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 12th. Stockholders of record on Friday, November 5th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, November 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. Warrior Met Coal’s payout ratio is -46.51%.

Institutional investors have recently made changes to their positions in the company. O Keefe Stevens Advisory Inc. lifted its position in shares of Warrior Met Coal by 2.9% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 236,642 shares of the company’s stock worth $6,084,000 after purchasing an additional 6,573 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in Warrior Met Coal by 823.6% in the third quarter. Balyasny Asset Management LLC now owns 151,143 shares of the company’s stock worth $3,517,000 after acquiring an additional 134,779 shares during the last quarter. Comerica Bank lifted its holdings in Warrior Met Coal by 96.9% in the third quarter. Comerica Bank now owns 94,704 shares of the company’s stock worth $2,054,000 after acquiring an additional 46,617 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Warrior Met Coal by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 547,914 shares of the company’s stock worth $12,749,000 after acquiring an additional 22,952 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Warrior Met Coal by 12.8% in the third quarter. BNP Paribas Arbitrage SA now owns 102,452 shares of the company’s stock worth $2,384,000 after acquiring an additional 11,599 shares during the last quarter. Institutional investors own 88.55% of the company’s stock.

About Warrior Met Coal (NYSE:HCC)

Warrior Met Coal, Inc engages in the production and export of metallurgical coal. The firm extracts methane gas from the Blue Creek coal seam. It also sells natural gas, which is extracted as a by-product from coal production. The company was founded on September 3, 2015 and is headquartered in Brookwood, AL.

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