Royal Bank Of Canada cut shares of Warrior Met Coal (NYSE:HCC) from an outperform rating to a sector perform rating in a research note issued to investors on Monday. The brokerage currently has $25.00 price target on the stock.
Other equities analysts also recently issued reports about the stock. Macquarie assumed coverage on shares of Warrior Met Coal in a research note on Thursday, September 7th. They set an underperform rating and a $24.00 price objective on the stock. Zacks Investment Research upgraded shares of Warrior Met Coal from a hold rating to a strong-buy rating and set a $31.00 target price on the stock in a research report on Tuesday, November 7th. FBR & Co set a $26.00 target price on shares of Warrior Met Coal and gave the company a hold rating in a research report on Wednesday, October 11th. ValuEngine lowered shares of Warrior Met Coal from a buy rating to a hold rating in a research report on Thursday, November 9th. Finally, MKM Partners reiterated a neutral rating and issued a $21.00 target price (up previously from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $25.75.
Warrior Met Coal (HCC) traded up $0.43 on Monday, hitting $22.86. 1,341,400 shares of the company’s stock traded hands, compared to its average volume of 629,912. Warrior Met Coal has a twelve month low of $15.10 and a twelve month high of $30.49.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The company had revenue of $312.00 million for the quarter, compared to analyst estimates of $301.89 million. The firm’s revenue for the quarter was up 489.8% compared to the same quarter last year. equities research analysts forecast that Warrior Met Coal will post 7.86 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were given a dividend of $11.21 per share. The ex-dividend date was Friday, November 24th. This is a positive change from Warrior Met Coal’s previous special dividend of $0.05. This represents a yield of 0.75%. Warrior Met Coal’s payout ratio is presently 2.70%.
In related news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total transaction of $524,776.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $560,000. The disclosure for this sale can be found here.
Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the 3rd quarter valued at approximately $135,000. First Mercantile Trust Co. purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $131,000. Invictus RG purchased a new stake in shares of Warrior Met Coal in the 3rd quarter valued at approximately $257,000. The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal during the 2nd quarter worth approximately $219,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Warrior Met Coal during the 2nd quarter worth approximately $223,000. 97.05% of the stock is currently owned by institutional investors.
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About Warrior Met Coal
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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