B. Riley Cuts Warrior Met Coal (NYSE:HCC) Price Target to $76.00

Warrior Met Coal (NYSE:HCC) had its price target decreased by B. Riley from $86.00 to $76.00 in a research report report published on Friday,Benzinga reports. B. Riley currently has a buy rating on the stock.

HCC has been the subject of several other reports. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Jefferies Financial Group lowered their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $47.31 on Friday. The stock has a market cap of $2.49 billion, a PE ratio of 9.88 and a beta of 0.80. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.53. The firm has a fifty day moving average price of $48.38 and a 200-day moving average price of $56.69. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. Equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s payout ratio is presently 6.68%.

Institutional Trading of Warrior Met Coal

A number of large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Warrior Met Coal in the fourth quarter valued at $43,000. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after acquiring an additional 1,456 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

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.