Warrior Met Coal (NYSE:HCC) Shares Gap Up to $58.24

Warrior Met Coal, Inc. (NYSE:HCC)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $58.24, but opened at $60.10. Warrior Met Coal shares last traded at $59.66, with a volume of 109,399 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HCC. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. BMO Capital Markets upped their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Finally, B. Riley upped their target price on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Warrior Met Coal Price Performance

The company’s fifty day moving average price is $65.63 and its 200 day moving average price is $63.32. The company has a market capitalization of $3.12 billion, a P/E ratio of 7.01 and a beta of 1.05. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 23.27%. The business had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same quarter last year, the business posted $1.63 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Warrior Met Coal, Inc. will post 7.36 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Insider Activity

In other news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCC. USA Financial Formulas purchased a new position in Warrior Met Coal in the fourth quarter valued at about $25,000. GAMMA Investing LLC raised its position in shares of Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after purchasing an additional 144 shares during the period. SYSTM Wealth Solutions LLC bought a new stake in shares of Warrior Met Coal in the first quarter valued at approximately $39,000. EntryPoint Capital LLC bought a new stake in shares of Warrior Met Coal in the first quarter valued at approximately $54,000. Finally, Quadrant Capital Group LLC raised its position in shares of Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.