Warrior Met Coal (NYSE:HCC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Warrior Met Coal (NYSE:HCC) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $72.75.

Several research firms recently weighed in on HCC. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. BMO Capital Markets increased their target price on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Zacks Research raised Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Finally, UBS Group set a $80.00 price objective on shares of Warrior Met Coal in a report on Monday, November 24th.

Insider Buying and Selling at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 18,966 shares of the 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 sale, the chief executive officer directly owned 394,183 shares in the company, valued at $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp lifted 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 acquiring an additional 825,807 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Warrior Met Coal by 18.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock worth $112,697,000 after purchasing an additional 367,326 shares during the last quarter. L1 Capital Pty Ltd lifted its position in shares of Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after purchasing an additional 1,262,736 shares during the period. American Century Companies Inc. lifted its position in shares of Warrior Met Coal by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock worth $88,037,000 after purchasing an additional 23,698 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake 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 valued at $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Up 4.7%

Shares of Warrior Met Coal stock opened at $84.09 on Friday. The firm’s 50 day moving average is $72.62 and its 200 day moving average is $60.58. The firm has a market capitalization of $4.42 billion, a PE ratio of 125.51 and a beta of 0.69. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $85.86. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last issued its earnings results 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 firm had revenue of $328.59 million for 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 company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. Equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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