Warrior Met Coal (NYSE:HCC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC) from a hold rating to a buy rating in a research report report published on Saturday morning.

HCC has been the subject of several other research reports. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. UBS Group lifted their target price on Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. BMO Capital Markets upped their target price on 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, Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $77.33.

Warrior Met Coal Trading Up 3.3%

NYSE HCC opened at $100.22 on Friday. The company’s 50-day moving average price is $83.18 and its 200-day moving average price is $67.48. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.27 billion, a PE ratio of 149.58 and a beta of 0.63. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $101.00.

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

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were issued a $0.08 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 47.76%.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 18,966 shares of the business’s stock in a transaction on 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 directly owned 394,183 shares of the company’s stock, valued at approximately $29,563,725. The trade was a 4.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. L1 Capital Pty Ltd lifted its position in shares of Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after buying an additional 1,262,736 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Warrior Met Coal by 130.4% in 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 buying an additional 1,069,025 shares during the last quarter. UBS Group AG raised its stake in shares of Warrior Met Coal by 219.2% during the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after acquiring an additional 1,067,247 shares in the last quarter. State Street Corp raised its stake in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after acquiring an additional 825,807 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its position in Warrior Met Coal by 31.4% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,461,738 shares of the company’s stock valued at $93,025,000 after acquiring an additional 349,400 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.