Warrior Met Coal (NYSE:HCC) Stock Has Average Price Target of $103.83 According to Brokerages

Warrior Met Coal (NYSE:HCC) has received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $104.50.

Several research analysts recently issued reports on HCC shares. UBS Group increased their price target on shares of Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada increased their target price on Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. The trade was a 15.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen Williams sold 4,800 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the transaction, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,800 shares of company stock worth $11,250,304 over the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $606,503,000. Renaissance Technologies LLC boosted its position in Warrior Met Coal by 22.6% during the first quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after purchasing an additional 149,600 shares in the last quarter. Goehring & Rozencwajg Associates LLC purchased a new stake in Warrior Met Coal during the first quarter worth $55,714,000. Encompass Capital Advisors LLC acquired a new stake in Warrior Met Coal in the fourth quarter valued at $33,133,000. Finally, Bank of New York Mellon Corp acquired a new stake in Warrior Met Coal in the second quarter valued at $31,201,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Up 3.6%

Shares of Warrior Met Coal stock opened at $93.06 on Thursday. The company has a market cap of $4.91 billion, a P/E ratio of 22.37 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. Warrior Met Coal has a one year low of $61.87 and a one year high of $111.42. The firm has a fifty day moving average of $96.25 and a two-hundred day moving average of $91.08.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business’s revenue was up 71.3% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. On average, analysts forecast that Warrior Met Coal will post 6.71 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.