Warrior Met Coal (NYSE:HCC) Shares Up 1.7%

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s stock price shot up 1.7% during mid-day trading on Tuesday . The company traded as high as $64.44 and last traded at $63.88. 134,556 shares were traded during mid-day trading, a decline of 84% from the average session volume of 831,590 shares. The stock had previously closed at $62.82.

Wall Street Analyst Weigh In

HCC has been the topic of several research analyst reports. UBS Group initiated coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 price objective on the stock. Citigroup raised 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 research note on Thursday, April 11th. Finally, B. Riley reduced their price objective on Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $67.60.

Warrior Met Coal Trading Up 8.5 %

The firm has a market capitalization of $3.57 billion, a PE ratio of 7.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The firm has a fifty day moving average of $58.46 and a 200 day moving average of $56.98.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). The company had revenue of $363.80 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.90 earnings per share. Equities research analysts expect that Warrior Met Coal, Inc. will post 8.41 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Insiders Place Their Bets

In other Warrior Met Coal news, Director Alan H. Schumacher acquired 2,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the acquisition, the director now directly owns 30,270 shares of the company's stock, valued at $1,760,200.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently bought and sold shares of HCC. Adage Capital Partners GP L.L.C. raised its position in shares of Warrior Met Coal by 50.0% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company's stock valued at $3,831,000 after acquiring an additional 25,000 shares in the last quarter. Graham Capital Wealth Management LLC acquired a new stake in shares of Warrior Met Coal during the 4th quarter valued at approximately $1,773,000. Hosking Partners LLP raised its position in shares of Warrior Met Coal by 19.4% during the 3rd quarter. Hosking Partners LLP now owns 314,865 shares of the company's stock valued at $16,083,000 after acquiring an additional 51,147 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Warrior Met Coal during the 4th quarter valued at approximately $44,388,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Warrior Met Coal by 28.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 58,179 shares of the company's stock valued at $2,972,000 after acquiring an additional 12,989 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.