Warrior Met Coal Inc (NYSE:HCC) has been given an average rating of “Buy” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.67.
HCC has been the topic of a number of recent research reports. Royal Bank of Canada set a $60.00 price objective on Masonite International and gave the stock a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Garrett Motion from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. TheStreet lowered Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, MKM Partners upped their price objective on Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 24th.
In other Warrior Met Coal news, COO Jack K. Richardson sold 17,919 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $33.00, for a total value of $591,327.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian M. Chopin sold 1,068 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $27.13, for a total transaction of $28,974.84. The disclosure for this sale can be found here. Insiders sold 65,863 shares of company stock valued at $1,930,351 in the last 90 days. 0.59% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Origin Asset Management LLP acquired a new stake in shares of Warrior Met Coal during the first quarter worth about $304,000. United Services Automobile Association boosted its stake in shares of Warrior Met Coal by 21.5% during the fourth quarter. United Services Automobile Association now owns 57,821 shares of the company’s stock worth $1,394,000 after buying an additional 10,242 shares during the period. HCR Wealth Advisors acquired a new stake in shares of Warrior Met Coal during the first quarter worth about $224,000. O Keefe Stevens Advisory Inc. acquired a new stake in shares of Warrior Met Coal during the second quarter worth about $2,210,000. Finally, Sciencast Management LP acquired a new stake in shares of Warrior Met Coal during the first quarter worth about $227,000.
Shares of Warrior Met Coal stock traded down $0.03 during trading hours on Friday, reaching $25.09. 502,300 shares of the company were exchanged, compared to its average volume of 805,497. Warrior Met Coal has a 1 year low of $20.88 and a 1 year high of $33.49. The firm has a fifty day moving average of $25.88. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 2.89 and a beta of 0.47.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.55. Warrior Met Coal had a return on equity of 71.47% and a net margin of 47.10%. The business had revenue of $378.30 million for the quarter, compared to analyst estimates of $326.30 million. During the same quarter in the prior year, the company earned $3.36 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Warrior Met Coal will post 6.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, August 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.20 annualized dividend and a yield of 0.80%. Warrior Met Coal’s dividend payout ratio is presently 2.31%.
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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