Warrior Met Coal (NYSE:HCC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Warrior Met Coal (NYSE:HCC) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other analysts have also recently weighed in on HCC. B. Riley lowered their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Wall Street Zen downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. UBS Group boosted their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Hold” and an average target price of $63.50.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $62.35 on Monday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. The company’s 50-day simple moving average is $58.34 and its two-hundred day simple moving average is $51.01. The company has a market capitalization of $3.28 billion, a P/E ratio of 80.97 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The company had revenue of $297.52 million for the quarter, compared to analysts’ expectations of $285.63 million. During the same period in the prior year, the business earned $1.35 EPS. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. As a group, equities analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s dividend payout ratio is 41.56%.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its position in 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 purchasing an additional 825,807 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock valued at $112,697,000 after buying an additional 367,326 shares in the last quarter. L1 Capital Pty Ltd grew its holdings in shares of Warrior Met Coal by 175.8% in the second 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 in the last quarter. American Century Companies Inc. grew its stake 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 worth $88,037,000 after acquiring an additional 23,698 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

About Warrior Met Coal

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.