Warrior Met Coal (NYSE:HCC) Trading Up 10.5% – Should You Buy?

Warrior Met Coal (NYSE:HCC) was up 10.5% on Monday . The stock traded as high as $104.70 and last traded at $104.50. Approximately 324,506 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 923,443 shares. The stock had previously closed at $94.54.

Analyst Ratings Changes

Several research firms have commented on HCC. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Citigroup raised their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Finally, UBS Group reduced their price objective on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $102.80.

Warrior Met Coal Price Performance

The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.47 billion, a P/E ratio of 39.53 and a beta of 0.62. The firm has a 50-day simple moving average of $89.70 and a 200-day simple moving average of $87.68.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm’s revenue was up 52.9% compared to the same quarter last year. During the same period last year, the business posted ($0.16) EPS. As a group, analysts forecast that Warrior Met Coal will post 6.78 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 12.21%.

Institutional Trading of Warrior Met Coal

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal in the 4th quarter worth $31,000. Parallel Advisors LLC raised its stake in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares during the last quarter. IFP Advisors Inc purchased a new position in Warrior Met Coal in the 4th quarter worth $37,000. Hantz Financial Services Inc. raised its stake in Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after acquiring an additional 455 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.