Warrior Met Coal, Inc. (NYSE:HCC) Given Consensus Recommendation of “Buy” by Brokerages

Warrior Met Coal, Inc. (NYSE:HCCGet Rating) has been given an average rating of “Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.00.

Several equities analysts have recently weighed in on HCC shares. TheStreet raised shares of Warrior Met Coal from a “c+” rating to a “b” rating in a research report on Friday, March 4th. BMO Capital Markets raised shares of Warrior Met Coal from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $26.00 to $30.00 in a research report on Thursday, December 16th. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, March 8th. Jefferies Financial Group raised their price target on shares of Warrior Met Coal from $34.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, March 9th. Finally, B. Riley raised their price target on shares of Warrior Met Coal from $28.00 to $36.00 in a research report on Thursday, February 3rd.

In other Warrior Met Coal news, COO Jack K. Richardson sold 4,365 shares of the firm’s stock in a transaction dated Thursday, February 3rd. The shares were sold at an average price of $30.00, for a total value of $130,950.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Warrior Met Coal by 5.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 13,753 shares of the company’s stock valued at $354,000 after purchasing an additional 664 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Warrior Met Coal by 22.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,900 shares of the company’s stock valued at $155,000 after purchasing an additional 1,100 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Warrior Met Coal by 1.9% in the 4th quarter. California State Teachers Retirement System now owns 71,225 shares of the company’s stock valued at $1,831,000 after purchasing an additional 1,320 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Warrior Met Coal in the 4th quarter valued at approximately $50,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Warrior Met Coal by 2.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 122,250 shares of the company’s stock valued at $3,143,000 after purchasing an additional 2,631 shares in the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HCC opened at $39.67 on Friday. The firm has a market capitalization of $2.05 billion, a PE ratio of 13.63 and a beta of 1.00. The company’s 50-day moving average is $35.55 and its 200-day moving average is $28.52. Warrior Met Coal has a fifty-two week low of $15.07 and a fifty-two week high of $42.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 5.14 and a quick ratio of 4.65.

Warrior Met Coal (NYSE:HCCGet Rating) last issued its quarterly earnings data on Monday, February 21st. The company reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.59. The company had revenue of $415.50 million for the quarter, compared to analyst estimates of $302.64 million. Warrior Met Coal had a net margin of 14.24% and a return on equity of 30.60%. The company’s revenue was up 95.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.63) earnings per share. Analysts predict that Warrior Met Coal will post 10.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Shareholders of record on Thursday, March 3rd were issued a $0.06 dividend. This is a positive change from Warrior Met Coal’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, March 2nd. Warrior Met Coal’s dividend payout ratio (DPR) is currently 8.25%.

About Warrior Met Coal (Get Rating)

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.

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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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