Brokerages Set Warrior Met Coal (NYSE:HCC) PT at $72.75

Shares of Warrior Met Coal (NYSE:HCC) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $74.25.

A number of equities analysts recently commented on the company. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. UBS Group raised their price objective on shares of Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. BMO Capital Markets increased their target price on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 18,966 shares of Warrior Met Coal stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $75.00, for a total value of $1,422,450.00. Following the completion of the transaction, the chief executive officer owned 394,183 shares in the company, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Institutional Trading of Warrior Met Coal

Hedge funds have recently added to or reduced their stakes in the company. L1 Capital Pty Ltd grew its holdings in Warrior Met Coal by 175.8% during the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after acquiring an additional 1,262,736 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of 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 during the last quarter. UBS Group AG grew its stake in shares of Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after purchasing an additional 1,067,247 shares in the last quarter. State Street Corp grew its stake in shares of 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 in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in 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 during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 0.7%

Shares of NYSE HCC opened at $83.53 on Friday. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $73.01 and its two-hundred day moving average is $61.03. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $85.86. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 124.67 and a beta of 0.68.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The business had revenue of $328.59 million during the quarter, compared to analyst estimates of $302.51 million. During the same period last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Research analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 7th. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is 47.76%.

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.