Warrior Met Coal’s (HCC) “Hold” Rating Reiterated at Benchmark

Benchmark restated their hold rating on shares of Warrior Met Coal (NYSE:HCC) in a research report report published on Monday morning, Benzinga reports.

HCC has been the topic of a number of other research reports. B. Riley increased their price target on Warrior Met Coal from $87.00 to $91.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Citigroup upgraded Warrior Met Coal from a neutral rating to a buy rating and increased their target price for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Finally, BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a market perform rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $72.80.

Warrior Met Coal Trading Up 0.6 %

Shares of NYSE:HCC opened at $73.29 on Monday. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $37.28 and a 12-month high of $75.53. The business has a 50 day moving average of $66.23 and a two-hundred day moving average of $62.88. The company has a market capitalization of $3.83 billion, a PE ratio of 8.82 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The firm had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.57 EPS. As a group, analysts forecast that Warrior Met Coal will post 6.98 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

Institutional Trading of Warrior Met Coal

Hedge funds have recently bought and sold shares of the business. USA Financial Formulas purchased a new position in Warrior Met Coal during the fourth quarter worth about $25,000. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after buying an additional 144 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Warrior Met Coal during the 4th quarter valued at approximately $38,000. SYSTM Wealth Solutions LLC acquired a new position in Warrior Met Coal in the first quarter valued at approximately $39,000. Finally, EntryPoint Capital LLC purchased a new position in Warrior Met Coal in the first quarter worth approximately $54,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.