Warrior Met Coal (NYSE:HCC) Price Target Raised to $60.00

Warrior Met Coal (NYSE:HCC) had its price objective lifted by UBS Group from $50.00 to $60.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on the stock. B. Riley decreased 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 research note on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price target on shares of Warrior Met Coal and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.50.

Warrior Met Coal Trading Down 0.3%

HCC stock opened at $57.68 on Wednesday. The company has a market capitalization of $3.03 billion, a PE ratio of 74.91 and a beta of 0.69. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company’s 50 day moving average price is $52.00 and its two-hundred day moving average price is $49.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business’s revenue was down 25.0% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. As a group, analysts predict that Warrior Met Coal will post 4.86 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 Friday, August 15th. Investors of record on Friday, August 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal’s payout ratio is presently 41.56%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares during the period. T. Rowe Price Investment Management Inc. increased 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 worth $112,697,000 after buying an additional 367,326 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Warrior Met Coal by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company’s stock worth $122,563,000 after buying an additional 117,717 shares during the period. L1 Capital Pty Ltd increased its stake 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 worth $90,791,000 after buying an additional 1,262,736 shares during the period. Finally, American Century Companies Inc. increased 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 buying an additional 23,698 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

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.