B. Riley Cuts Warrior Met Coal (NYSE:HCC) Price Target to $87.00

Warrior Met Coal (NYSE:HCC) had its price target trimmed by B. Riley from $89.00 to $87.00 in a report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.75 EPS and Q4 2024 earnings at $1.71 EPS.

Other equities analysts have also recently issued reports about the stock. Citigroup raised shares of Warrior Met Coal from a neutral rating to a buy rating and upped their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. UBS Group initiated coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They set a neutral rating and a $68.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Warrior Met Coal has a consensus rating of Moderate Buy and an average price target of $67.60.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $65.04 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The firm has a 50-day moving average of $58.74 and a two-hundred day moving average of $57.15. The stock has a market cap of $3.40 billion, a P/E ratio of 7.07 and a beta of 1.09. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $69.97.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The firm had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 earnings per share. On average, research analysts expect that Warrior Met Coal will post 8.41 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s payout ratio is 3.48%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC increased its stake in shares of Warrior Met Coal by 1.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock valued at $1,155,000 after purchasing an additional 192 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Warrior Met Coal by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock valued at $1,197,000 after purchasing an additional 279 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Warrior Met Coal by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,275 shares of the company’s stock valued at $167,000 after purchasing an additional 329 shares during the period. USA Financial Formulas acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $25,000. Finally, Sei Investments Co. increased its stake in shares of Warrior Met Coal by 1.6% in the third quarter. Sei Investments Co. now owns 26,936 shares of the company’s stock valued at $1,376,000 after purchasing an additional 421 shares during the period. Institutional investors own 92.28% of the company’s stock.

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.