Warrior Met Coal (NYSE:HCC) Price Target Lowered to $87.00 at B. Riley

Warrior Met Coal (NYSE:HCC) had its price objective cut by B. Riley from $89.00 to $87.00 in a research report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. UBS Group assumed coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a neutral rating and a $68.00 price objective on the stock. Citigroup raised shares of Warrior Met Coal from a neutral rating to a buy rating and boosted their price objective for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of Moderate Buy and a consensus target price of $67.60.

Warrior Met Coal Stock Up 0.5 %

Shares of HCC opened at $62.81 on Monday. Warrior Met Coal has a one year low of $31.97 and a one year high of $69.97. The company has a market cap of $3.28 billion, a P/E ratio of 6.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The firm has a 50 day simple moving average of $58.46 and a two-hundred day simple moving average of $56.98.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 earnings per share. Research analysts forecast that Warrior Met Coal will post 8.41 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is currently 3.48%.

Insider Activity

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the acquisition, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Formulas bought a new position in shares of Warrior Met Coal during the 4th quarter valued at approximately $25,000. Millburn Ridgefield Corp bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Warrior Met Coal during the 4th quarter valued at approximately $38,000. Lazard Asset Management LLC grew its position in shares of Warrior Met Coal by 117.7% during the 3rd quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock valued at $45,000 after acquiring an additional 486 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares during the period. 92.28% of the stock is owned by institutional investors.

About Warrior Met Coal

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.