Citigroup Raises Warrior Met Coal (HCC) Price Target to $33.00

Warrior Met Coal (NYSE:HCC) had its price target increased by Citigroup from $32.00 to $33.00 in a research note released on Monday. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Warrior Met Coal from $27.00 to $29.00 and gave the stock a hold rating in a research note on Tuesday, October 2nd. ValuEngine upgraded shares of Warrior Met Coal from a strong sell rating to a sell rating in a research note on Wednesday, September 26th. B. Riley lifted their price target on shares of Warrior Met Coal from $25.00 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, September 19th. MKM Partners upgraded shares of Warrior Met Coal from a neutral rating to a buy rating and lifted their price target for the stock from $31.00 to $37.00 in a research note on Thursday, November 8th. Finally, Zacks Investment Research upgraded shares of Warrior Met Coal from a sell rating to a buy rating and set a $33.00 price target for the company in a research note on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $31.88.

Shares of Warrior Met Coal stock opened at $24.05 on Monday. Warrior Met Coal has a 52-week low of $20.88 and a 52-week high of $33.72. The company has a quick ratio of 2.23, a current ratio of 2.73 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $1.32 billion, a P/E ratio of 3.05 and a beta of 0.31.



Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Warrior Met Coal had a return on equity of 94.17% and a net margin of 33.38%. The firm had revenue of $273.30 million during the quarter, compared to analysts’ expectations of $278.46 million. During the same quarter in the prior year, the firm earned $2.27 EPS. The firm’s revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that Warrior Met Coal will post 8.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, November 2nd were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. Warrior Met Coal’s payout ratio is currently 2.53%.

In other Warrior Met Coal news, CEO Walter J. Scheller sold 34,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total transaction of $935,710.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $27.29, for a total transaction of $272,900.00. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC acquired a new stake in Warrior Met Coal during the third quarter worth approximately $135,000. Tower Research Capital LLC TRC acquired a new stake in Warrior Met Coal during the third quarter worth approximately $173,000. Schroder Investment Management Group acquired a new stake in Warrior Met Coal during the third quarter worth approximately $199,000. Sun Life Financial INC acquired a new stake in Warrior Met Coal during the second quarter worth approximately $211,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Warrior Met Coal during the second quarter worth approximately $217,000.

Warrior Met Coal Company Profile

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.

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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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