Warrior Met Coal (NYSE:HCC) Earns “Hold” Rating from Benchmark

Benchmark reiterated their hold rating on shares of Warrior Met Coal (NYSE:HCC) in a report published on Thursday, Benzinga reports.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a market perform rating in a report on Thursday. B. Riley reduced their target price on shares of Warrior Met Coal from $89.00 to $87.00 and set a buy rating for the company in a research note on Monday, April 15th. UBS Group assumed coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They set a neutral rating and a $68.00 price target on the stock. Finally, Citigroup upgraded Warrior Met Coal from a neutral rating to a buy rating and raised their price objective for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $72.80.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded up $0.82 during trading hours on Thursday, hitting $66.23. 621,682 shares of the company’s stock were exchanged, compared to its average volume of 793,044. The company’s 50-day moving average price is $60.90 and its 200-day moving average price is $58.58. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $71.91. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.99.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. The company had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.57 earnings per share. On average, sell-side analysts expect that Warrior Met Coal will post 6.83 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. Warrior Met Coal’s payout ratio is presently 3.85%.

Insider Activity at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the purchase, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of Warrior Met Coal

Several large investors have recently added to or reduced their stakes in the company. USA Financial Formulas bought a new position in shares of Warrior Met Coal in the fourth quarter valued at about $25,000. Millburn Ridgefield Corp acquired a new position in Warrior Met Coal during the 3rd quarter worth $32,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Warrior Met Coal in the 4th quarter valued at $38,000. SYSTM Wealth Solutions LLC bought a new position in Warrior Met Coal in the first quarter valued at about $39,000. Finally, Quadrant Capital Group LLC increased its position in Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares during the period. 92.28% of the stock is owned by institutional investors.

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.