Warrior Met Coal (HCC) Earning Somewhat Positive News Coverage, Report Finds
News articles about Warrior Met Coal (NYSE:HCC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Warrior Met Coal earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.0136511013516 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Warrior Met Coal (NYSE HCC) traded down 0.20% during midday trading on Friday, reaching $24.38. 980,758 shares of the company’s stock traded hands. The stock has a market cap of $1.30 billion and a PE ratio of 0.39. The stock’s 50 day moving average price is $24.78 and its 200-day moving average price is $20.20. Warrior Met Coal has a one year low of $15.10 and a one year high of $27.62.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.59. The business had revenue of $363.37 million during the quarter, compared to analysts’ expectations of $321.75 million. Equities analysts predict that Warrior Met Coal will post $4.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Monday, August 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, August 10th.
Several equities analysts recently weighed in on HCC shares. Royal Bank Of Canada restated a “buy” rating and set a $25.00 price target on shares of Warrior Met Coal in a research report on Tuesday, June 13th. Morgan Stanley downgraded shares of Warrior Met Coal from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $27.00 to $17.00 in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. MKM Partners began coverage on shares of Warrior Met Coal in a report on Wednesday, July 12th. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, FBR & Co upped their price objective on shares of Warrior Met Coal from $20.00 to $21.00 and gave the company a “mkt perform” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.64.
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About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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