Warrior Met Coal, Inc. (NYSE:HCC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Warrior Met Coal, Inc. (NYSE:HCC) has received an average rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $72.60.

A number of equities research analysts have recently issued reports on HCC shares. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley lowered their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, September 6th.

Warrior Met Coal Trading Up 3.1 %

Shares of HCC stock opened at $64.65 on Friday. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a fifty-two week low of $44.76 and a fifty-two week high of $75.53. The firm’s 50 day moving average price is $59.70 and its two-hundred day moving average price is $62.95. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 7.78 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. During the same period in the prior year, the company earned $1.63 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Warrior Met Coal will post 5.55 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Insiders Place Their Bets

In related news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the transaction, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after acquiring an additional 144 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in Warrior Met Coal during the 1st quarter valued at approximately $39,000. EntryPoint Capital LLC bought a new position in Warrior Met Coal during the 1st quarter worth $54,000. Ausbil Investment Management Ltd bought a new position in Warrior Met Coal during the 2nd quarter worth $82,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Warrior Met Coal in the first quarter worth $104,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.