
Warrior Met Coal (NYSE:HCC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Warrior Met Coal (NYSE:HCC) has received a consensus "Moderate Buy" rating from seven analysts. The stock's average 1-year target price is $71.50. Recent analyst actions include BMO Capital Markets raising its target price to $72.00 and UBS Group to $75.00. CEO Walter J. Scheller sold shares worth $1.42 million. Institutional investors own 92.28% of the stock. Warrior Met Coal's stock opened at $78.74, with a market cap of $4.14 billion and a P/E ratio of 117.53.
Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $71.50.
A number of equities research analysts have recently commented on HCC shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. BMO Capital Markets lifted their target price on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a "market perform" rating in a research note on Thursday, November 6th. B. Riley reiterated a "buy" rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Zacks Research upgraded Warrior Met Coal from a "hold" rating to a "strong-buy" rating in a report on Friday, November 7th. Finally, UBS Group lifted their price objective on Warrior Met Coal from $68.00 to $75.00 and gave the company a "neutral" rating in a research report on Thursday, November 6th.
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Insider Buying and Selling at Warrior Met Coal
In related news, CEO Walter J. Scheller sold 18,966 shares of the firm's stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $75.00, for a total value of $1,422,450.00. Following the sale, the chief executive officer directly owned 394,183 shares of the company's stock, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Warrior Met Coal
Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after purchasing an additional 467 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Warrior Met Coal by 266.1% in 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 during the period. Jones Financial Companies Lllp raised its position in shares of Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company's stock worth $45,000 after buying an additional 694 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in Warrior Met Coal by 919.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company's stock valued at $60,000 after acquiring an additional 846 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock valued at $62,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.
Warrior Met Coal Stock Down 2.0%
Shares of NYSE:HCC opened at $78.74 on Monday. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.14 billion, a P/E ratio of 117.53 and a beta of 0.75. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $85.86. The stock's fifty day simple moving average is $66.26 and its 200-day simple moving average is $56.50.
Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.91. The firm had revenue of $328.59 million during the quarter, compared to analysts' expectations of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal's dividend payout ratio is currently 47.76%.
Warrior Met Coal Company Profile
(Get Free Report)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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