Credit Suisse Group AG began coverage on shares of Warrior Met Coal LLC (NYSE:HCC) in a research report released on Monday, May 8th. The brokerage issued an outperform rating and a $26.00 price objective on the stock.
Several other equities research analysts also recently commented on HCC. FBR & Co initiated coverage on Warrior Met Coal in a report on Thursday, April 20th. They set a mkt perform rating and a $22.00 target price on the stock. Royal Bank of Canada initiated coverage on Warrior Met Coal in a report on Monday, May 8th. They set an outperform rating and a $25.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $24.75.
Shares of Warrior Met Coal (NYSE:HCC) traded up 3.62% during trading on Monday, hitting $17.76. The stock had a trading volume of 1,499,146 shares. The company’s market cap is $67.03 million. Warrior Met Coal has a one year low of $16.67 and a one year high of $19.08. The stock’s 50-day moving average price is $17.83 and its 200-day moving average price is $17.83.
Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, May 18th. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.98 by $0.24. The company had revenue of $253.96 million for the quarter, compared to analysts’ expectations of $363.34 million. On average, equities research analysts forecast that Warrior Met Coal will post $4.08 EPS for the current fiscal year.
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The firm also recently declared a special dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 30th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 25th.
In other news, major shareholder Apollo Management Holdings Gp, sold 5,932,545 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $17.81, for a total value of $105,658,626.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Mutual Advisers Llc sold 2,718,359 shares of the stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $17.81, for a total value of $48,413,973.79. The disclosure for this sale can be found here.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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