Warrior Met Coal (NYSE:HCC) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Warrior Met Coal (NYSE:HCC) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $109.80.

Several equities analysts recently commented on HCC shares. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, October 29th. Royal Bank Of Canada lifted their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. B. Riley Financial cut their price objective on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating for the company in a report on Monday, October 26th. Finally, Wall Street Zen lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Sunday.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $84.20 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.20 and a quick ratio of 3.30. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 19.18 and a beta of 0.75. The stock’s fifty day moving average price is $91.51 and its two-hundred day moving average price is $89.78. Warrior Met Coal has a one year low of $71.79 and a one year high of $111.42.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.62). The firm had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. Warrior Met Coal had a return on equity of 10.34% and a net margin of 12.47%. The firm’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. On average, equities analysts forecast that Warrior Met Coal will post 5.41 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, November 6th. Warrior Met Coal’s payout ratio is presently 7.29%.

Insider Activity at Warrior Met Coal

In related news, Director Stephen Williams sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares in the company, valued at $29,457,230. This represents a 15.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 104,800 shares of company stock valued at $11,250,304. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Warrior Met Coal

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in Warrior Met Coal during the second quarter worth about $31,000. Meeder Asset Management Inc. bought a new position in shares of Warrior Met Coal in the second quarter worth about $37,000. Allworth Financial LP acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $39,000. Nykredit A S acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $50,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $68,000. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a U.S.-based producer and exporter of premium metallurgical coal, a key ingredient in steelmaking. The company operates underground coal mines in Alabama’s Blue Creek coal seam and sells its products to steel producers in international markets.

Warrior’s operations are located in the state’s Black Warrior River Basin, with coal transported for export through the Port of Mobile. The company was formed in 2016 from assets that had been part of Walter Energy.