Warrior Met Coal (NYSE:HCC) Upgraded at Zacks Research

Zacks Research upgraded shares of Warrior Met Coal (NYSE:HCC) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. UBS Group lifted their price target on shares of Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a report on Friday, March 27th. Citigroup lifted their price target on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Jefferies Financial Group lifted their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.40.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $89.29 on Monday. The firm has a market cap of $4.71 billion, a P/E ratio of 81.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27. Warrior Met Coal has a 1-year low of $40.50 and a 1-year high of $105.35. The firm has a fifty day moving average of $88.16 and a two-hundred day moving average of $82.13.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company had revenue of $383.99 million for the quarter, compared to analyst estimates of $381.72 million. During the same period in the prior year, the business earned $0.15 earnings per share. Warrior Met Coal’s revenue was up 29.1% on a year-over-year basis. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, February 23rd. Warrior Met Coal’s payout ratio is 29.36%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the sale, the chief executive officer directly owned 294,183 shares in the company, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of Warrior Met Coal during the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC raised its position in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Warrior Met Coal during the 4th quarter worth about $37,000. Finally, Hantz Financial Services Inc. raised its position in shares of Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after buying an additional 455 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.