Warrior Met Coal (NYSE:HCC) Trading 9.1% Higher – Here’s Why

Warrior Met Coal, Inc. (NYSE:HCC) shares were up 9.1% on Tuesday . The stock traded as high as $44.93 and last traded at $44.58. Approximately 90,334 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 765,235 shares. The stock had previously closed at $40.87.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group decreased their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, B. Riley dropped their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Warrior Met Coal Stock Up 5.7 %

The firm has a 50-day moving average price of $49.36 and a two-hundred day moving average price of $57.26. The company has a market capitalization of $2.27 billion, a P/E ratio of 9.03 and a beta of 0.80. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. Equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

Hedge Funds Weigh In On Warrior Met Coal

Several large investors have recently added to or reduced their stakes in HCC. FNY Investment Advisers LLC bought a new stake in shares of Warrior Met Coal during the fourth quarter valued at approximately $43,000. GAMMA Investing LLC raised its stake in shares of Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after buying an additional 358 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after acquiring an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock valued at $89,000 after acquiring an additional 1,456 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.