Macquarie upgraded shares of Warrior Met Coal (NYSE:HCC) from an underperform rating to a hold rating in a research report sent to investors on Tuesday, January 23rd.
Several other research analysts have also recently weighed in on HCC. B. Riley reissued a neutral rating on shares of Warrior Met Coal in a research report on Wednesday, November 1st. Citigroup upped their price target on Warrior Met Coal from $24.00 to $28.00 and gave the company a neutral rating in a research report on Tuesday, September 26th. FBR & Co upped their price target on Warrior Met Coal from $23.00 to $24.00 and gave the company a neutral rating in a research report on Monday, September 25th. Royal Bank of Canada set a $27.00 price target on Warrior Met Coal and gave the company a buy rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised Warrior Met Coal from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Monday, October 16th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Warrior Met Coal has a consensus rating of Buy and an average price target of $26.67.
Warrior Met Coal (NYSE:HCC) traded up $2.03 during midday trading on Tuesday, hitting $30.93. The stock had a trading volume of 1,093,339 shares, compared to its average volume of 656,182. The company has a market capitalization of $1,650.00 and a P/E ratio of 4.17. Warrior Met Coal has a 52-week low of $15.10 and a 52-week high of $31.19.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $1.04. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. sell-side analysts expect that Warrior Met Coal will post 8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. Warrior Met Coal’s dividend payout ratio is currently 2.70%.
In other news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total transaction of $86,689.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Warrior Met Coal during the 3rd quarter valued at about $135,000. UBS Asset Management Americas Inc. purchased a new stake in Warrior Met Coal during the 4th quarter valued at about $206,000. Invictus RG purchased a new stake in Warrior Met Coal during the 3rd quarter valued at about $257,000. Teacher Retirement System of Texas purchased a new stake in Warrior Met Coal during the 4th quarter valued at about $286,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal during the 2nd quarter valued at about $219,000. Institutional investors own 99.05% of the company’s stock.
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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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