Warrior Met Coal (NYSE:HCC) Receives $63.50 Consensus Target Price from Analysts

Warrior Met Coal (NYSE:HCC - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $63.50.

A number of research firms have recently commented on HCC. B. Riley dropped their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the stock a "market perform" rating in a report on Thursday, August 7th. Finally, UBS Group upped their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock traded up $5.47 during trading on Wednesday, hitting $60.62. 995,465 shares of the company were exchanged, compared to its average volume of 987,474. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 78.73 and a beta of 0.74. The firm has a 50 day moving average price of $55.00 and a 200 day moving average price of $49.84.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.39. The firm had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The company's quarterly revenue was down 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. On average, equities analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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

Institutional Trading of Warrior Met Coal

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after purchasing an additional 467 shares in the last quarter. GAMMA Investing LLC boosted its position in Warrior Met Coal by 23.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock valued at $62,000 after buying an additional 253 shares during the last quarter. Covestor Ltd boosted its position in Warrior Met Coal by 14.6% in the 1st quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after buying an additional 335 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Warrior Met Coal by 5,565.4% in the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after buying an additional 2,894 shares during the last quarter. Finally, KBC Group NV boosted its position in Warrior Met Coal by 41.8% in the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after buying an additional 894 shares during the last quarter. 92.28% of the stock is currently 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.