Zacks Investment Research lowered shares of Warrior Met Coal Inc. (NYSE:HCC) from a buy rating to a hold rating in a research note published on Tuesday, October 24th.
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
Several other research firms have also commented on HCC. Morgan Stanley lowered shares of Warrior Met Coal from an overweight rating to an equal weight rating and lowered their price target for the stock from $27.00 to $17.00 in a research report on Tuesday, June 27th. MKM Partners initiated coverage on shares of Warrior Met Coal in a research report on Wednesday, July 12th. They issued a neutral rating and a $18.00 target price for the company. FBR & Co increased their target price on shares of Warrior Met Coal from $20.00 to $21.00 and gave the company a mkt perform rating in a research report on Friday, July 21st. Royal Bank Of Canada increased their target price on shares of Warrior Met Coal from $24.00 to $27.00 and gave the company an outperform rating in a research report on Friday, August 4th. Finally, Macquarie started coverage on shares of Warrior Met Coal in a research report on Thursday, September 7th. They set an underperform rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Warrior Met Coal currently has an average rating of Hold and an average price target of $25.92.
Shares of Warrior Met Coal (NYSE:HCC) opened at $27.18 on Tuesday. Warrior Met Coal has a 1-year low of $15.10 and a 1-year high of $28.00.
Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.01. The firm had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The business’s revenue was up 489.8% compared to the same quarter last year. analysts forecast that Warrior Met Coal will post 7.49 earnings per share for the current fiscal year.
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The business also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be issued a dividend of $11.21 per share. This represents a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from Warrior Met Coal’s previous special dividend of $0.05.
Hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in Warrior Met Coal during the third quarter valued at approximately $135,000. First Mercantile Trust Co. acquired a new position in Warrior Met Coal during the second quarter valued at approximately $131,000. The Manufacturers Life Insurance Company acquired a new position in Warrior Met Coal during the second quarter valued at approximately $219,000. Tudor Investment Corp ET AL acquired a new position in Warrior Met Coal during the second quarter valued at approximately $223,000. Finally, Royal Bank of Canada acquired a new stake in shares of Warrior Met Coal in the second quarter worth $228,000. Institutional investors own 98.22% of the company’s stock.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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