BMO Capital Markets Raises Warrior Met Coal (NYSE:HCC) Price Target to $70.00

Warrior Met Coal (NYSE:HCC) had its target price hoisted by BMO Capital Markets from $62.00 to $70.00 in a report issued on Thursday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

HCC has been the topic of a number of other reports. B. Riley cut their price target on shares of Warrior Met Coal from $89.00 to $87.00 and set a buy rating on the stock in a research note on Monday, April 15th. UBS Group began coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a neutral rating and a $68.00 target price on the stock. Finally, Citigroup raised shares of Warrior Met Coal from a neutral rating to a buy rating and raised their price target for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $72.80.

Warrior Met Coal Trading Up 1.3 %

Warrior Met Coal stock traded up $0.82 during midday trading on Thursday, hitting $66.23. 621,682 shares of the stock were exchanged, compared to its average volume of 793,044. The company has a current ratio of 6.86, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $60.90 and its 200 day simple moving average is $58.58. Warrior Met Coal has a fifty-two week low of $31.97 and a fifty-two week high of $71.91. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.97 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. During the same quarter in the prior year, the company posted $3.57 earnings per share. Warrior Met Coal’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Warrior Met Coal will post 6.83 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.48%. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group acquired a new position in Warrior Met Coal in the first quarter valued at $1,582,000. Capstone Investment Advisors LLC acquired a new stake in shares of Warrior Met Coal in the 1st quarter valued at about $924,000. Janney Montgomery Scott LLC grew its stake in Warrior Met Coal by 3.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 65,117 shares of the company’s stock worth $3,953,000 after buying an additional 2,036 shares during the last quarter. BNP Paribas Financial Markets increased its position in Warrior Met Coal by 74.7% during the first quarter. BNP Paribas Financial Markets now owns 30,961 shares of the company’s stock worth $1,879,000 after buying an additional 13,241 shares during the period. Finally, Van ECK Associates Corp increased its position in Warrior Met Coal by 23.3% during the first quarter. Van ECK Associates Corp now owns 125,611 shares of the company’s stock worth $7,625,000 after buying an additional 23,728 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.