Warrior Met Coal (NYSE:HCC) Shares Gap Up – Here’s Why

Warrior Met Coal, Inc. (NYSE:HCC) shares gapped up prior to trading on Monday . The stock had previously closed at $46.13, but opened at $49.77. Warrior Met Coal shares last traded at $49.69, with a volume of 684,970 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HCC shares. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley lowered their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Trading Up 2.7 %

The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 10.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The company’s fifty day moving average price is $53.24 and its 200-day moving average price is $59.16.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The company had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. On average, research analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.63%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

Institutional Trading of Warrior Met Coal

Institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after purchasing an additional 180 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal in the fourth quarter worth about $43,000. GAMMA Investing LLC grew its holdings in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares during the period. Quadrant Capital Group LLC raised its position in Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after acquiring an additional 279 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after acquiring an additional 1,040 shares during the period. 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.