Warrior Met Coal (NYSE:HCC) Shares Up 10.5% – Time to Buy?

Warrior Met Coal (NYSE:HCC) shares shot up 10.5% during trading on Monday . The company traded as high as $104.70 and last traded at $104.50. 324,506 shares changed hands during trading, a decline of 65% from the average session volume of 923,443 shares. The stock had previously closed at $94.54.

Analyst Upgrades and Downgrades

A number of research firms have commented on HCC. Citigroup upped their price target on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. UBS Group lowered their price target on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Hold” and a consensus target price of $102.80.

Warrior Met Coal Price Performance

The stock has a market cap of $5.79 billion, a P/E ratio of 41.85 and a beta of 0.62. The firm has a 50-day moving average price of $90.01 and a 200-day moving average price of $87.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The firm had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. During the same period in the prior year, the company posted ($0.16) EPS. The firm’s revenue was up 52.9% on a year-over-year basis. On average, analysts forecast that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 12.21%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its position in shares of Warrior Met Coal by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock worth $677,000 after acquiring an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Warrior Met Coal by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock worth $1,060,000 after acquiring an additional 149 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Warrior Met Coal by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after acquiring an additional 168 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Warrior Met Coal by 1.5% in the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after acquiring an additional 172 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Warrior Met Coal by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock worth $990,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.