Citigroup Issues Positive Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its price objective increased by Citigroup from $80.00 to $100.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, UBS Group upped their price objective on Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Hold” and a consensus target price of $102.60.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock opened at $87.65 on Wednesday. The firm has a market cap of $4.63 billion, a PE ratio of 80.41 and a beta of 0.69. The stock has a 50 day moving average of $89.49 and a 200 day moving average of $78.62. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35.

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

Warrior Met Coal Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 70,580 shares of the company’s stock, valued at $7,058,000. This trade represents a 12.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This represents a 25.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC bought a new stake in Warrior Met Coal during the 4th quarter valued at $202,000. NWF Advisory Services Inc. raised its position in shares of Warrior Met Coal by 3.5% in the 4th quarter. NWF Advisory Services Inc. now owns 87,970 shares of the company’s stock worth $7,756,000 after acquiring an additional 3,000 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth $850,000. Regal Partners Ltd purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth $3,663,000. Finally, Wellington Management Group LLP raised its holdings in Warrior Met Coal by 5.8% in the fourth quarter. Wellington Management Group LLP now owns 193,271 shares of the company’s stock worth $17,041,000 after purchasing an additional 10,642 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.