UBS Group Issues Positive Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its target price boosted by UBS Group from $101.00 to $105.00 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

HCC has been the subject of a number of other reports. Citigroup upped their target price on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Finally, Jefferies Financial Group lifted their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.40.

Warrior Met Coal Price Performance

Shares of HCC opened at $99.19 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $105.35. The stock has a market cap of $5.24 billion, a PE ratio of 91.00 and a beta of 0.69. The firm has a fifty day moving average price of $88.60 and a 200 day moving average price of $80.19.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The firm had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $381.72 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 29.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 29.36%.

Insider Buying and Selling

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the transaction, the chief executive officer owned 294,183 shares in the company, valued at $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently bought and sold shares of HCC. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal during the 4th quarter worth $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal during the fourth quarter worth about $37,000. Finally, Hantz Financial Services Inc. raised its holdings in Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.