Warrior Met Coal, Inc. (NYSE:HCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $73.00.

Several research analysts have issued reports on HCC shares. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley boosted their target price on Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets boosted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd.

Warrior Met Coal Trading Down 7.4 %

HCC opened at $57.36 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of 6.90 and a beta of 1.05. Warrior Met Coal has a 12 month low of $38.14 and a 12 month high of $75.53. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $66.31 and a 200 day moving average of $63.50.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. Warrior Met Coal had a return on equity of 23.27% and a net margin of 25.01%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.63 earnings per share. As a group, research analysts forecast that Warrior Met Coal will post 7.36 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Insider Activity

In other news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Large investors have recently bought and sold shares of the business. USA Financial Formulas bought a new position in Warrior Met Coal in the fourth quarter worth approximately $25,000. GAMMA Investing LLC raised its stake in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after buying an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in Warrior Met Coal in the first quarter worth approximately $39,000. EntryPoint Capital LLC bought a new position in Warrior Met Coal in the first quarter worth approximately $54,000. Finally, Quadrant Capital Group LLC raised its stake in Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after buying an additional 442 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.