Warrior Met Coal, Inc. (NYSE:HCC – Get 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.
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:HCC – Get 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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