Warrior Met Coal (NYSE:HCC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a strong-buy rating in a report released on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. UBS Group increased their target price on Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their price objective on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.50.

Warrior Met Coal Trading Up 1.3%

Shares of Warrior Met Coal stock opened at $94.25 on Friday. The stock has a fifty day simple moving average of $96.53 and a 200 day simple moving average of $91.10. Warrior Met Coal has a 12-month low of $61.87 and a 12-month high of $111.42. The company has a market capitalization of $4.98 billion, a P/E ratio of 22.66 and a beta of 0.72. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The business had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same period in the prior year, the firm posted $0.11 EPS. Warrior Met Coal’s quarterly revenue was up 71.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Warrior Met Coal will post 6.71 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a $0.08 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 7.69%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at $29,457,230. This trade represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen Williams sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,800 shares of company stock worth $11,250,304 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in HCC. BlackRock Inc. purchased a new position in Warrior Met Coal in the 2nd quarter worth $606,503,000. Renaissance Technologies LLC lifted its stake in Warrior Met Coal by 22.6% in the first quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after purchasing an additional 149,600 shares during the last quarter. Goehring & Rozencwajg Associates LLC bought a new stake in Warrior Met Coal in the first quarter worth $55,714,000. Bank of New York Mellon Corp bought a new stake in Warrior Met Coal in the second quarter worth $31,201,000. Finally, Encompass Capital Advisors LLC bought a new stake in Warrior Met Coal in the fourth quarter worth $33,133,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.