Zacks Investment Research downgraded shares of Warrior Met Coal Inc. (NYSE:HCC) from a buy rating to a hold rating in a research report sent to investors on Monday, September 11th.
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
Several other brokerages have also issued reports on HCC. Macquarie assumed coverage on shares of Warrior Met Coal in a report on Thursday, September 7th. They issued an underperform rating and a $24.00 price objective on the stock. Royal Bank Of Canada restated a buy rating and issued a $27.00 price objective on shares of Warrior Met Coal in a report on Wednesday, September 6th. MKM Partners restated a neutral rating and issued a $21.00 price objective (up from $18.00) on shares of Warrior Met Coal in a report on Thursday, August 24th. FBR & Co boosted their price objective on shares of Warrior Met Coal from $20.00 to $21.00 and gave the company a mkt perform rating in a report on Friday, July 21st. Finally, Morgan Stanley initiated coverage on shares of Warrior Met Coal in a research note on Monday, May 15th. They set an overweight rating and a $27.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $24.64.
Shares of Warrior Met Coal (HCC) traded up 5.24% during midday trading on Monday, reaching $24.50. 190,534 shares of the company’s stock were exchanged. The stock has a market cap of $1.31 billion and a PE ratio of 0.39. The stock’s 50 day moving average is $24.95 and its 200-day moving average is $20.28. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $27.62.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.59. The company had revenue of $363.37 million during the quarter, compared to analysts’ expectations of $321.75 million. On average, equities analysts expect that Warrior Met Coal will post $4.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Monday, August 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.82%.
A number of large investors have recently modified their holdings of the business. Skylands Capital LLC acquired a new position in shares of Warrior Met Coal during the second quarter worth about $2,870,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Warrior Met Coal during the second quarter worth about $4,256,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Warrior Met Coal during the second quarter worth about $1,074,000. First Mercantile Trust Co. acquired a new position in shares of Warrior Met Coal during the second quarter worth about $131,000. Finally, Rhumbline Advisers acquired a new position in shares of Warrior Met Coal during the second quarter worth about $343,000. Institutional investors own 96.71% of the company’s stock.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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