Warrior Met Coal Inc (NYSE:HCC) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.88.
Several equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of Warrior Met Coal from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Friday, November 9th. MKM Partners upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $31.00 to $37.00 in a research report on Thursday, November 8th. ValuEngine cut shares of Warrior Met Coal from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Finally, Morgan Stanley upped their price target on shares of Warrior Met Coal from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Tuesday, October 2nd.
In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $27.29, for a total value of $272,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Walter J. Scheller sold 34,250 shares of Warrior Met Coal stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total value of $935,710.00. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC acquired a new position in shares of Warrior Met Coal in the third quarter valued at approximately $135,000. Tower Research Capital LLC TRC purchased a new stake in shares of Warrior Met Coal in the third quarter valued at $173,000. Schroder Investment Management Group purchased a new stake in shares of Warrior Met Coal in the third quarter valued at $199,000. Sun Life Financial INC purchased a new stake in shares of Warrior Met Coal in the second quarter valued at $211,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Warrior Met Coal in the second quarter valued at $217,000.
NYSE HCC traded down $0.91 during trading hours on Thursday, reaching $24.02. 722,917 shares of the company’s stock traded hands, compared to its average volume of 870,458. Warrior Met Coal has a 52-week low of $20.88 and a 52-week high of $33.72. The stock has a market cap of $1.32 billion, a P/E ratio of 3.04 and a beta of 0.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.73 and a quick ratio of 2.23.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $273.30 million during the quarter, compared to the consensus estimate of $278.46 million. Warrior Met Coal had a return on equity of 94.17% and a net margin of 33.38%. The business’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Research analysts expect that Warrior Met Coal will post 8.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, November 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. Warrior Met Coal’s payout ratio is currently 2.53%.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports 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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