Warrior Met Coal (HCC) Rating Increased to Strong-Buy at ValuEngine
ValuEngine upgraded shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.
Several other equities research analysts have also weighed in on HCC. B. Riley reissued a neutral rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. Citigroup raised Warrior Met Coal from a neutral rating to a buy rating and set a $28.00 price objective for the company in a report on Thursday, February 22nd. Royal Bank of Canada lowered Warrior Met Coal from an outperform rating to a sector perform rating and set a $25.00 price objective for the company. in a report on Monday, December 4th. BMO Capital Markets lifted their price objective on Warrior Met Coal to $39.00 and gave the stock a buy rating in a report on Thursday, February 15th. Finally, Zacks Investment Research raised Warrior Met Coal from a hold rating to a strong-buy rating and set a $31.00 price objective for the company in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Warrior Met Coal has an average rating of Buy and an average target price of $28.58.
Shares of Warrior Met Coal (HCC) opened at $31.42 on Thursday. The company has a market capitalization of $1,674.20 and a price-to-earnings ratio of 3.85. Warrior Met Coal has a 52 week low of $15.10 and a 52 week high of $33.72. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.98 and a current ratio of 2.48.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.64%. The ex-dividend date was Thursday, February 22nd. Warrior Met Coal’s dividend payout ratio (DPR) is currently 2.32%.
In other Warrior Met Coal news, insider Brian M. Chopin sold 21,106 shares of Warrior Met Coal stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $31.84, for a total transaction of $672,015.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jack K. Richardson sold 50,991 shares of Warrior Met Coal stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $31.79, for a total value of $1,621,003.89. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of the business. Delek Group Ltd. purchased a new position in Warrior Met Coal during the 4th quarter valued at about $126,000. MetLife Investment Advisors LLC purchased a new position in Warrior Met Coal during the 4th quarter valued at about $408,000. Macquarie Group Ltd. grew its holdings in Warrior Met Coal by 285.0% during the 4th quarter. Macquarie Group Ltd. now owns 15,400 shares of the company’s stock valued at $387,000 after buying an additional 11,400 shares in the last quarter. Jane Street Group LLC purchased a new position in Warrior Met Coal during the 4th quarter valued at about $408,000. Finally, PEAK6 Investments L.P. purchased a new position in Warrior Met Coal during the 4th quarter valued at about $677,000.
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About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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