Warrior Met Coal, Inc. (NYSE:HCC) Given Average Rating of “Hold” by Brokerages

Warrior Met Coal, Inc. (NYSE:HCCGet Rating) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $34.20.

A number of equities analysts have recently weighed in on the stock. B. Riley dropped their price target on shares of Warrior Met Coal from $50.00 to $45.00 in a research note on Tuesday, May 10th. Zacks Investment Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a research note on Wednesday, May 11th. TheStreet raised shares of Warrior Met Coal from a “c+” rating to a “b” rating in a research note on Friday, March 4th. Finally, Jefferies Financial Group upped 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 note on Wednesday, March 9th.

In related news, CAO Brian M. Chopin sold 8,500 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $34.00, for a total value of $289,000.00. Following the completion of the sale, the chief accounting officer now directly owns 6,545 shares in the company, valued at $222,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in HCC. Maverick Capital Ltd. bought a new stake in Warrior Met Coal during the fourth quarter valued at about $50,000. Point72 Hong Kong Ltd bought a new stake in Warrior Met Coal during the fourth quarter valued at about $83,000. Captrust Financial Advisors lifted its stake in shares of Warrior Met Coal by 86.8% in the first quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock valued at $143,000 after buying an additional 1,795 shares during the period. Covestor Ltd lifted its stake in shares of Warrior Met Coal by 23,505.9% in the first quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after buying an additional 3,996 shares during the period. Finally, UBS Group AG lifted its stake in shares of Warrior Met Coal by 1,720.0% in the third quarter. UBS Group AG now owns 6,643 shares of the company’s stock valued at $154,000 after buying an additional 6,278 shares during the period. Institutional investors own 90.16% of the company’s stock.

Shares of NYSE:HCC opened at $36.17 on Friday. The company’s fifty day moving average is $35.09 and its two-hundred day moving average is $30.87. The company has a quick ratio of 4.68, a current ratio of 5.39 and a debt-to-equity ratio of 0.36. Warrior Met Coal has a 12-month low of $15.81 and a 12-month high of $42.95. The company has a market cap of $1.87 billion, a P/E ratio of 5.87 and a beta of 1.02.

Warrior Met Coal (NYSE:HCCGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.55. Warrior Met Coal had a net margin of 26.02% and a return on equity of 45.69%. The company had revenue of $378.65 million for the quarter, compared to the consensus estimate of $412.66 million. During the same period in the previous year, the business earned $0.08 EPS. The company’s revenue was up 77.1% on a year-over-year basis. Equities research analysts anticipate that Warrior Met Coal will post 10.36 earnings per share for the current year.

The firm also recently disclosed a None dividend, which was paid on Friday, May 20th. Investors of record on Friday, May 13th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 12th. Warrior Met Coal’s dividend payout ratio is presently 3.90%.

Warrior Met Coal Company Profile (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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