Warrior Met Coal, Inc. (NYSE:HCC) Receives $72.00 Consensus Target Price from Analysts

Warrior Met Coal, Inc. (NYSE:HCC) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $72.80.

Several research analysts recently commented on HCC shares. BMO Capital Markets raised their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their target price for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Thursday, May 2nd. UBS Group assumed coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective on the stock. Finally, B. Riley raised their price objective on shares of Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd.

Warrior Met Coal Stock Performance

NYSE HCC opened at $64.84 on Thursday. 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 company has a market capitalization of $3.39 billion, a PE ratio of 7.80 and a beta of 1.05. The business’s 50-day moving average price is $61.30 and its 200 day moving average price is $59.01. Warrior Met Coal has a twelve month low of $31.97 and a twelve month high of $71.91.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $3.57 earnings per share. On average, research analysts predict that Warrior Met Coal will post 6.98 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Insider Buying and Selling at Warrior Met Coal

In related news, Director Alan H. Schumacher purchased 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the transaction, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new position in Warrior Met Coal in the 3rd quarter worth approximately $224,000. Raymond James & Associates acquired a new position in shares of Warrior Met Coal during the third quarter valued at $433,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Warrior Met Coal by 27.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,422 shares of the company’s stock valued at $583,000 after purchasing an additional 2,428 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Warrior Met Coal in the third quarter worth about $383,000. Finally, Kendall Capital Management grew its position in Warrior Met Coal by 27.6% in the 3rd quarter. Kendall Capital Management now owns 13,865 shares of the company’s stock valued at $708,000 after buying an additional 3,000 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

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.