Warrior Met Coal (NYSE:HCC) Given Consensus Recommendation of “Hold” by Brokerages

Warrior Met Coal (NYSE:HCC) has received an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $63.50.

HCC has been the topic of several recent research reports. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a “market perform” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. UBS Group lifted their price target on Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Saturday, September 27th. Finally, B. Riley lowered their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd.

Institutional Trading of Warrior Met Coal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Warrior Met Coal by 3.4% in the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company’s stock valued at $15,392,000 after acquiring an additional 10,608 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Warrior Met Coal in the first quarter valued at about $334,000. Kennondale Capital Management LLC increased its position in shares of Warrior Met Coal by 39.1% in the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock valued at $1,841,000 after acquiring an additional 10,839 shares during the last quarter. Comerica Bank grew its holdings in Warrior Met Coal by 29.8% during the first quarter. Comerica Bank now owns 27,009 shares of the company’s stock worth $1,289,000 after purchasing an additional 6,197 shares during the period. Finally, Skylands Capital LLC bought a new position in Warrior Met Coal during the first quarter worth about $1,312,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

HCC opened at $64.16 on Friday. The business’s 50-day moving average price is $59.46 and its two-hundred day moving average price is $51.80. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.15. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 83.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same quarter last year, the business posted $1.35 EPS. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. Equities analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Warrior Met Coal’s payout ratio is currently 41.56%.

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.