Warrior Met Coal (NYSE:HCC) Trading Up 10.5% – Here’s Why

Warrior Met Coal (NYSE:HCC) shot up 10.5% during mid-day trading on Tuesday . The stock traded as high as $93.76 and last traded at $92.74. 97,798 shares were traded during mid-day trading, a decline of 89% from the average session volume of 908,329 shares. The stock had previously closed at $83.93.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HCC shares. Weiss Ratings cut shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Citigroup lifted their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. UBS Group cut their target price on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Warrior Met Coal has a consensus rating of “Hold” and an average target price of $102.80.

Warrior Met Coal Stock Up 11.6%

The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 35.76 and a beta of 0.61. The business has a fifty day simple moving average of $88.78 and a two-hundred day simple moving average of $87.13. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.Warrior Met Coal’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.16) EPS. Equities analysts expect that Warrior Met Coal will post 6.78 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s payout ratio is currently 12.21%.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. grew its position in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.