Warrior Met Coal, Inc. (NYSE:HCC) Receives $72.80 Average Target Price from Analysts

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $72.80.

A number of equities research analysts have issued reports on the company. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. BMO Capital Markets upped their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Thursday, May 2nd. Finally, B. Riley lifted their target price on Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd.

Institutional Trading of Warrior Met Coal

Several institutional investors have recently modified their holdings of HCC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Warrior Met Coal by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,001 shares of the company’s stock valued at $26,459,000 after buying an additional 19,633 shares during the period. UBS Group AG lifted its holdings in shares of Warrior Met Coal by 154.8% in the third quarter. UBS Group AG now owns 192,239 shares of the company’s stock valued at $9,820,000 after buying an additional 116,781 shares during the period. Rhumbline Advisers lifted its holdings in shares of Warrior Met Coal by 1.1% in the third quarter. Rhumbline Advisers now owns 169,902 shares of the company’s stock valued at $8,679,000 after buying an additional 1,859 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Warrior Met Coal by 54.0% in the third quarter. Kestra Advisory Services LLC now owns 9,545 shares of the company’s stock valued at $488,000 after buying an additional 3,345 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Warrior Met Coal during the third quarter valued at $327,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $61.46 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. Warrior Met Coal has a 12 month low of $37.15 and a 12 month high of $73.08. The company has a fifty day moving average price of $65.82 and a two-hundred day moving average price of $62.36. The company has a market cap of $3.21 billion, a PE ratio of 7.40 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share 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 business had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. During the same quarter in the prior year, the firm earned $3.57 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts expect that Warrior Met Coal will post 6.98 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, May 3rd. Warrior Met Coal’s payout ratio is currently 3.85%.

About Warrior Met Coal

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.