Citigroup Upgrades Warrior Met Coal (NYSE:HCC) to Buy

Citigroup upgraded shares of Warrior Met Coal (NYSE:HCC - Free Report) from a neutral rating to a buy rating in a research report released on Thursday, MarketBeat Ratings reports. Citigroup currently has $75.00 price objective on the stock, up from their prior price objective of $60.00.

Separately, UBS Group initiated coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They set a neutral rating and a $68.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $63.60.

Warrior Met Coal Stock Up 2.3 %

Shares of NYSE HCC traded up $1.44 during midday trading on Thursday, hitting $63.18. The stock had a trading volume of 907,347 shares, compared to its average volume of 849,511. The business's 50 day moving average is $58.47 and its 200-day moving average is $56.63. Warrior Met Coal has a 52 week low of $31.97 and a 52 week high of $69.97. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.30 billion, a P/E ratio of 6.71 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. During the same period last year, the company posted $1.90 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Warrior Met Coal will post 8.41 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher acquired 2,000 shares of Warrior Met Coal stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. O Keefe Stevens Advisory Inc. lifted its holdings in Warrior Met Coal by 0.5% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 262,711 shares of the company's stock worth $15,947,000 after purchasing an additional 1,213 shares in the last quarter. BTC Capital Management Inc. bought a new stake in shares of Warrior Met Coal during the first quarter valued at approximately $630,000. Wellington Management Group LLP raised its position in shares of Warrior Met Coal by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company's stock valued at $5,500,000 after buying an additional 6,015 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Warrior Met Coal by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,269,510 shares of the company's stock worth $77,403,000 after buying an additional 23,416 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Warrior Met Coal by 26.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,646 shares of the company's stock worth $527,000 after acquiring an additional 1,811 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Company Profile

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.