Warrior Met Coal (NYSE:HCC) Price Target Raised to $75.00

Warrior Met Coal (NYSE:HCC) had its price target raised by UBS Group from $68.00 to $75.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently weighed in on HCC. B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Hold” and an average target price of $71.50.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $81.09 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.44. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 121.03 and a beta of 0.75. The firm’s 50 day simple moving average is $63.90 and its 200-day simple moving average is $55.31. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $82.29.

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

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio is presently 41.56%.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 18,966 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 394,183 shares in the company, valued at $29,563,725. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.

Institutional Trading of Warrior Met Coal

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Warrior Met Coal by 266.1% in the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after buying an additional 455 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Warrior Met Coal by 4,337.5% in the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after buying an additional 694 shares in the last quarter. GAMMA Investing LLC boosted its position in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after acquiring an additional 253 shares during the last quarter. Finally, Strs Ohio acquired a new position in Warrior Met Coal during the third quarter worth about $76,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.