Warrior Met Coal LLC (NYSE:HCC) – Analysts at Seaport Global Securities issued their Q3 2018 EPS estimates for shares of Warrior Met Coal in a research note issued on Thursday. Seaport Global Securities analyst M. Levin expects that the company will post earnings per share of $0.52 for the quarter. Seaport Global Securities also issued estimates for Warrior Met Coal’s FY2018 earnings at $4.54 EPS and FY2020 earnings at $1.72 EPS.
Several other analysts also recently weighed in on the company. BMO Capital Markets boosted their price target on Warrior Met Coal to $39.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research note on Monday, February 12th. Credit Suisse Group boosted their price target on Warrior Met Coal from $18.75 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Macquarie upgraded Warrior Met Coal from an “underperform” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, B. Riley reiterated a “hold” rating and set a $28.00 price target on shares of Warrior Met Coal in a research note on Wednesday, January 17th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.92.
Warrior Met Coal (NYSE HCC) traded up $0.19 during trading on Monday, reaching $30.92. The company’s stock had a trading volume of 117,659 shares, compared to its average volume of 668,996. The company has a current ratio of 2.48, a quick ratio of 1.98 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1,677.93 and a P/E ratio of 3.56. Warrior Met Coal has a twelve month low of $15.10 and a twelve month high of $32.66.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Impala Asset Management LLC raised its holdings in Warrior Met Coal by 50.5% in the 4th quarter. Impala Asset Management LLC now owns 2,005,172 shares of the company’s stock worth $50,430,000 after purchasing an additional 672,485 shares during the period. Acadian Asset Management LLC raised its holdings in Warrior Met Coal by 400.7% in the 4th quarter. Acadian Asset Management LLC now owns 1,883,992 shares of the company’s stock worth $47,384,000 after purchasing an additional 1,507,727 shares during the period. BlackRock Inc. raised its holdings in Warrior Met Coal by 74.5% in the 4th quarter. BlackRock Inc. now owns 1,804,709 shares of the company’s stock worth $45,389,000 after purchasing an additional 770,654 shares during the period. Vanguard Group Inc. acquired a new position in Warrior Met Coal in the 2nd quarter worth about $21,144,000. Finally, Millennium Management LLC raised its holdings in Warrior Met Coal by 107.6% in the 4th quarter. Millennium Management LLC now owns 1,068,599 shares of the company’s stock worth $26,875,000 after purchasing an additional 553,771 shares during the period.
In other news, COO Jack K. Richardson sold 50,991 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $31.79, for a total value of $1,621,003.89. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total value of $86,689.02. The disclosure for this sale can be found here. Insiders sold 76,334 shares of company stock worth $2,379,708 in the last 90 days.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders 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 dividend yield of 0.65%. Warrior Met Coal’s payout ratio is 2.32%.
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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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