B. Riley Increases Warrior Met Coal (NYSE:HCC) Price Target to $91.00

Warrior Met Coal (NYSE:HCC - Free Report) had its target price upped by B. Riley from $87.00 to $91.00 in a report issued on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the stock. BMO Capital Markets lifted their price objective 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. UBS Group assumed coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They set a neutral rating and a $68.00 price objective on the stock. Citigroup raised shares of Warrior Met Coal from a neutral rating to a buy rating and lifted their price objective for the company from $60.00 to $75.00 in a report on Thursday, April 11th. Finally, Benchmark reissued a hold rating on shares of Warrior Met Coal in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $72.80.

Warrior Met Coal Trading Down 3.6 %

Shares of Warrior Met Coal stock traded down $2.43 on Thursday, hitting $65.47. 1,101,058 shares of the company traded hands, compared to its average volume of 835,462. The company has a market cap of $3.42 billion, a PE ratio of 7.12 and a beta of 1.05. The stock's 50 day moving average price is $60.57 and its 200-day moving average price is $58.41. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 52 week low of $31.97 and a 52 week high of $71.91.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. Warrior Met Coal's revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $3.57 earnings per share. Equities research analysts predict that Warrior Met Coal will post 6.83 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal's dividend payout ratio is currently 3.48%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds have recently made changes to their positions in the company. KGH Ltd increased its position in shares of Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company's stock valued at $132,297,000 after acquiring an additional 260,091 shares during the period. FMR LLC increased its position in shares of Warrior Met Coal by 1.0% in the 3rd quarter. FMR LLC now owns 2,325,535 shares of the company's stock valued at $118,788,000 after acquiring an additional 22,730 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Warrior Met Coal by 33.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company's stock valued at $59,137,000 after acquiring an additional 246,217 shares during the period. American Century Companies Inc. grew its position in Warrior Met Coal by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 961,388 shares of the company's stock worth $49,108,000 after purchasing an additional 92,941 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company's stock worth $44,485,000 after purchasing an additional 64,672 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

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.