Warrior Met Coal (NYSE:HCC) Price Target Lowered to $87.00 at B. Riley

Warrior Met Coal (NYSE:HCC) had its target price reduced by B. Riley from $89.00 to $87.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Warrior Met Coal’s Q1 2024 earnings at $2.02 EPS, Q2 2024 earnings at $0.62 EPS, Q3 2024 earnings at $1.75 EPS, Q4 2024 earnings at $1.71 EPS and FY2024 earnings at $6.10 EPS.

A number of other brokerages also recently issued reports on HCC. Citigroup upgraded shares of Warrior Met Coal from a neutral rating to a buy rating and lifted their price target for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. UBS Group began coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a neutral rating and a $68.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal currently has an average rating of Moderate Buy and an average price target of $67.60.

Warrior Met Coal Trading Up 1.6 %

Shares of HCC stock opened at $66.12 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The stock has a market capitalization of $3.46 billion, a P/E ratio of 7.19 and a beta of 1.09. The company has a 50 day moving average price of $58.85 and a 200 day moving average price of $57.22. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $69.97.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The business had revenue of $363.80 million during the quarter, compared to analyst estimates of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 EPS. Equities research analysts predict that Warrior Met Coal will post 8.41 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a None dividend, which was paid on Thursday, March 7th. Investors of record on Friday, March 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is currently 3.48%.

Insider Transactions at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of Warrior Met Coal stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the transaction, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its position in shares of Warrior Met Coal by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock worth $1,155,000 after buying an additional 192 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Warrior Met Coal by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock valued at $1,197,000 after purchasing an additional 279 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Warrior Met Coal by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,275 shares of the company’s stock valued at $167,000 after purchasing an additional 329 shares during the last quarter. USA Financial Formulas purchased a new stake in Warrior Met Coal in the 4th quarter valued at $25,000. Finally, Sei Investments Co. raised its position in Warrior Met Coal by 1.6% in the 3rd quarter. Sei Investments Co. now owns 26,936 shares of the company’s stock valued at $1,376,000 after purchasing an additional 421 shares during the last quarter. Hedge funds and other institutional investors 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.