Zacks Investment Research cut shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a hold rating in a research note published on Friday morning.

According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “

Several other brokerages have also recently issued reports on HCC. Citigroup decreased their price objective on Warrior Met Coal from $33.00 to $32.00 and set a buy rating for the company in a research note on Wednesday, August 8th. ValuEngine upgraded Warrior Met Coal from a strong sell rating to a sell rating in a research note on Wednesday, September 26th. Royal Bank of Canada set a $34.00 price objective on Warrior Met Coal and gave the company a hold rating in a research note on Thursday, August 2nd. Morgan Stanley lifted their price objective on Warrior Met Coal from $27.00 to $29.00 and gave the company a hold rating in a research note on Tuesday, October 2nd. Finally, B. Riley lifted their price objective on Warrior Met Coal from $25.00 to $29.00 and gave the company a neutral rating in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $31.25.

Shares of HCC opened at $27.78 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.53 and a quick ratio of 2.02. The stock has a market capitalization of $1.47 billion, a PE ratio of 3.52 and a beta of 0.50. Warrior Met Coal has a 1 year low of $18.56 and a 1 year high of $33.72.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.14). The company had revenue of $322.56 million during the quarter, compared to analysts’ expectations of $331.76 million. Warrior Met Coal had a net margin of 37.56% and a return on equity of 82.44%. The company’s revenue was down 11.2% on a year-over-year basis. As a group, sell-side analysts expect that Warrior Met Coal will post 7.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, November 2nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, November 1st. Warrior Met Coal’s payout ratio is 2.53%.

A number of hedge funds have recently bought and sold shares of HCC. Sun Life Financial INC purchased a new stake in Warrior Met Coal during the second quarter worth approximately $211,000. Quantitative Systematic Strategies LLC purchased a new stake in Warrior Met Coal during the second quarter worth approximately $217,000. Bowling Portfolio Management LLC purchased a new stake in Warrior Met Coal during the second quarter worth approximately $221,000. NumerixS Investment Technologies Inc purchased a new stake in Warrior Met Coal during the second quarter worth approximately $225,000. Finally, United Services Automobile Association purchased a new stake in Warrior Met Coal during the second quarter worth approximately $256,000.

About Warrior Met Coal

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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