Warrior Met Coal (NYSE:HCC) Reaches New 1-Year High at $70.10

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $70.10 and last traded at $69.94, with a volume of 582898 shares changing hands. The stock had previously closed at $69.55.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price target for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. B. Riley dropped their target price on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Finally, UBS Group initiated coverage on Warrior Met Coal in a report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Trading Up 0.8 %

The company has a 50 day moving average of $59.83 and a 200 day moving average of $57.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 7.62 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $393.04 million. During the same period last year, the business earned $1.90 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts predict that Warrior Met Coal, Inc. will post 6.83 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were given a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is currently 3.48%.

Insider Activity at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the transaction, the director now owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently modified their holdings of the stock. USA Financial Formulas purchased a new stake in Warrior Met Coal during the fourth quarter worth approximately $25,000. Millburn Ridgefield Corp purchased a new stake in shares of Warrior Met Coal during the 3rd quarter worth approximately $32,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth approximately $38,000. SYSTM Wealth Solutions LLC acquired a new position in shares of Warrior Met Coal in the 1st quarter valued at $39,000. Finally, Quadrant Capital Group LLC grew its position in shares of Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after buying an additional 442 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal 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.