Warrior Met Coal (NYSE:HCC) Receives $61.00 Average Target Price from Brokerages

Key Points

• Warrior Met Coal (NYSE:HCC) has an average analyst rating of "Hold" with three firms recommending to hold the stock and two recommending a buy, with a consensus target price of $61.00.
• The company recently reported earnings of $0.11 per share, surpassing estimates, although revenue decreased by 25% year-over-year, totaling $297.52 million for the quarter.
• Warrior Met Coal declared a quarterly dividend of $0.08 per share, yielding 0.5%, to be paid to shareholders on August 15th, with a payout ratio of 15.92%.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) have been assigned an average rating of "Hold" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $61.00.

Several research firms recently issued reports on HCC. BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the company a "market perform" rating in a report on Thursday, August 7th. B. Riley reduced their target price on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Finally, UBS Group reduced their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently added to or reduced their stakes in HCC. LPL Financial LLC lifted its stake in Warrior Met Coal by 22.5% in the fourth quarter. LPL Financial LLC now owns 6,654 shares of the company's stock valued at $361,000 after purchasing an additional 1,221 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Warrior Met Coal by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company's stock valued at $1,786,000 after purchasing an additional 6,688 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Warrior Met Coal by 2.1% in the fourth quarter. Russell Investments Group Ltd. now owns 69,832 shares of the company's stock valued at $3,788,000 after purchasing an additional 1,418 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Warrior Met Coal by 146.0% in the fourth quarter. Bank of Montreal Can now owns 15,932 shares of the company's stock valued at $864,000 after purchasing an additional 9,456 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Price Performance

NYSE HCC traded up $3.46 on Friday, hitting $63.77. 1,152,859 shares of the company's stock were exchanged, compared to its average volume of 1,009,590. The stock has a 50-day moving average of $50.17 and a 200-day moving average of $48.96. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 82.82 and a beta of 0.69.

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

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Warrior Met Coal's payout ratio is 41.56%.

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.