Warrior Met Coal Inc (NYSE:HCC)’s stock price dropped 5.5% during mid-day trading on Friday . The company traded as low as $20.04 and last traded at $20.08, approximately 859,135 shares changed hands during trading. An increase of 2% from the average daily volume of 838,405 shares. The stock had previously closed at $21.24.
HCC has been the topic of a number of analyst reports. TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. MKM Partners increased their price target on Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Deutsche Bank set a $34.00 target price on Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, ValuEngine cut Warrior Met Coal from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.89.
The firm has a 50 day simple moving average of $23.22 and a two-hundred day simple moving average of $27.08. The company has a quick ratio of 2.73, a current ratio of 3.31 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.08 billion, a P/E ratio of 2.32 and a beta of 0.47.
Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, July 31st. The company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.47. Warrior Met Coal had a return on equity of 62.99% and a net margin of 47.01%. The firm had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $311.62 million. During the same period in the prior year, the company earned $1.81 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis. On average, research analysts predict that Warrior Met Coal Inc will post 6.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.00%. The ex-dividend date was Thursday, August 1st. Warrior Met Coal’s payout ratio is presently 2.31%.
In other news, CFO Dale W. Boyles purchased 1,200 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $22.22 per share, for a total transaction of $26,664.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Walter J. Scheller sold 4,547 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $27.04, for a total value of $122,950.88. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Warrior Met Coal by 94.8% during the 4th quarter. Bank of America Corp DE now owns 34,785 shares of the company’s stock valued at $839,000 after acquiring an additional 16,932 shares in the last quarter. Legal & General Group Plc raised its position in shares of Warrior Met Coal by 13.4% during the 4th quarter. Legal & General Group Plc now owns 8,049 shares of the company’s stock valued at $194,000 after acquiring an additional 950 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Warrior Met Coal by 104.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 791,490 shares of the company’s stock valued at $19,083,000 after acquiring an additional 404,063 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Warrior Met Coal by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 674,425 shares of the company’s stock valued at $16,259,000 after acquiring an additional 7,543 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Warrior Met Coal during the 1st quarter valued at approximately $252,000.
Warrior Met Coal Company Profile (NYSE:HCC)
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.
Further Reading: Retained Earnings
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