Warrior Met Coal, Inc. (NYSE:HCC) Given Consensus Rating of “Hold” by Analysts

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have received an average recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $75.75.

HCC has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday. B. Riley boosted their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after buying an additional 358 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Warrior Met Coal by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after acquiring an additional 83,331 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Warrior Met Coal by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after purchasing an additional 10,787 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Warrior Met Coal by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 61,209 shares of the company’s stock valued at $3,966,000 after purchasing an additional 2,114 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in Warrior Met Coal in the third quarter worth $1,858,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of HCC opened at $54.58 on Monday. Warrior Met Coal has a 1 year low of $50.60 and a 1 year high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The stock’s fifty day moving average price is $63.82 and its two-hundred day moving average price is $62.87. The firm has a market cap of $2.86 billion, a PE ratio of 7.54 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The firm had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the business earned $1.85 earnings per share. On average, equities research analysts forecast that Warrior Met Coal will post 5.62 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a $0.08 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 annualized dividend and a yield of 0.59%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

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.