Warrior Met Coal (NYSE:HCC) Stock Has Consensus Target Price of $104.33 According to Brokerages

Warrior Met Coal (NYSE:HCC) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $109.80.

HCC has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price target on Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. UBS Group cut their price target on Warrior Met Coal from $102.00 to $97.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th.

Warrior Met Coal Stock Up 4.2%

Shares of Warrior Met Coal stock opened at $84.20 on Monday. Warrior Met Coal has a 1 year low of $71.79 and a 1 year high of $111.42. The stock has a 50-day moving average price of $91.51 and a 200 day moving average price of $89.78. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.62). The business had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. As a group, analysts expect that Warrior Met Coal will post 6.97 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, November 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

Insider Activity

In related news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. This represents a 13.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Walter Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the transaction, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. This represents a 15.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,800 shares of company stock worth $11,250,304 over the last quarter. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HCC. BlackRock Inc. acquired a new stake in shares of Warrior Met Coal during the second quarter worth $606,503,000. Goehring & Rozencwajg Associates LLC acquired a new position in Warrior Met Coal during the 1st quarter worth approximately $55,714,000. Bank of New York Mellon Corp bought a new stake in Warrior Met Coal during the 2nd quarter worth approximately $31,201,000. Summit Street Capital Management LLC bought a new position in shares of Warrior Met Coal during the 2nd quarter worth approximately $25,744,000. Finally, Bank of America Corp DE purchased a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $16,586,000. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.