Brokerages Set Warrior Met Coal (NYSE:HCC) Target Price at $77.33

Warrior Met Coal (NYSE:HCC) has been assigned an average rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $77.3333.

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. BMO Capital Markets lifted their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday.

Warrior Met Coal Trading Up 1.4%

Shares of NYSE HCC opened at $96.92 on Tuesday. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $99.25. The firm has a market capitalization of $5.10 billion, a P/E ratio of 144.66 and a beta of 0.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The company’s 50 day simple moving average is $82.56 and its 200 day simple moving average is $66.89.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The company had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, November 7th. Warrior Met Coal’s dividend payout ratio is 47.76%.

Insider Buying and Selling at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 18,966 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total value of $1,422,450.00. Following the completion of the transaction, the chief executive officer directly owned 394,183 shares in the company, valued at approximately $29,563,725. The trade was a 4.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after acquiring an additional 825,807 shares in the last quarter. L1 Capital Pty Ltd raised its stake in shares of Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after purchasing an additional 1,262,736 shares during the period. American Century Companies Inc. lifted its holdings in shares of Warrior Met Coal by 1.2% in the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock valued at $88,037,000 after purchasing an additional 23,698 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after buying an additional 5,077 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.