Warrior Met Coal (NYSE:HCC) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Warrior Met Coal (NYSE:HCC) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. B. Riley Financial lowered their price objective on Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Monday, October 26th. 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 report on Wednesday, September 16th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, UBS Group lifted their price target on Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $104.33.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $82.03 on Friday. Warrior Met Coal has a 12-month low of $64.27 and a 12-month high of $111.42. The stock has a market capitalization of $4.33 billion, a P/E ratio of 19.72 and a beta of 0.72. The firm’s 50-day moving average is $93.48 and its two-hundred day moving average is $90.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 71.3% compared to the same quarter last year. Equities analysts predict that Warrior Met Coal will post 6.97 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 7.69%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 of the company’s stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 104,800 shares of company stock valued at $11,250,304. 2.10% of the stock is owned by company insiders.

Institutional Trading of Warrior Met Coal

A number of hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in Warrior Met Coal by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock valued at $1,182,000 after acquiring an additional 113 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of Warrior Met Coal by 1.5% in the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Warrior Met Coal by 9.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock valued at $208,000 after purchasing an additional 230 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Warrior Met Coal by 11.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after purchasing an additional 272 shares in the last quarter. Finally, Hardin Capital Partners LLC raised its stake in shares of Warrior Met Coal by 11.6% in the 3rd quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock valued at $255,000 after purchasing an additional 300 shares in 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 is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.