Warrior Met Coal, Inc. (NYSE:HCC) has received a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.17.
HCC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Warrior Met Coal from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.00 to $21.00 in a research report on Wednesday, January 13th. Roth Capital boosted their price objective on Warrior Met Coal from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, February 26th. BMO Capital Markets cut Warrior Met Coal from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research note on Thursday, December 17th. Zacks Investment Research raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Tuesday, March 16th. Finally, B. Riley boosted their price objective on Warrior Met Coal from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 25th.
Shares of Warrior Met Coal stock traded down $0.15 during trading hours on Monday, hitting $17.72. The company’s stock had a trading volume of 351 shares, compared to its average volume of 758,531. The business has a 50 day moving average price of $19.32 and a two-hundred day moving average price of $19.20. Warrior Met Coal has a 12-month low of $9.46 and a 12-month high of $25.90. The company has a market cap of $909.98 million, a PE ratio of 48.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.49 and a current ratio of 3.60.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 8th. Stockholders of record on Monday, March 1st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.13%. Warrior Met Coal’s dividend payout ratio is 3.62%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veriti Management LLC bought a new position in shares of Warrior Met Coal during the fourth quarter valued at approximately $46,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $54,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Warrior Met Coal by 14.1% in the third quarter. Public Employees Retirement System of Ohio now owns 10,283 shares of the company’s stock valued at $176,000 after purchasing an additional 1,268 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $202,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $208,000. 98.18% of the stock is currently owned by hedge funds and other institutional investors.
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.
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