Warrior Met Coal (NYSE:HCC) Receives Average Rating of "Hold" from Analysts

Key Points

• Warrior Met Coal (NYSE:HCC) has received an average rating of "Hold" from six analysts, with four recommending hold and two a buy, while the average price target is $63.50.
• The company reported quarterly earnings of $0.11 EPS, exceeding expectations, despite a 25% decline in revenue compared to the same quarter last year.
• Warrior Met Coal also announced a quarterly dividend of $0.08 per share, with a payout ratio of 41.56% and a yield of 0.5%.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) have been given an average rating of "Hold" by the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $63.50.

A number of analysts recently weighed in on the company. Zacks Research upgraded Warrior Met Coal from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a "market perform" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Warrior Met Coal from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. B. Riley decreased their price target on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, UBS Group lifted their price target on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $63.74 on Friday. The firm's fifty day moving average price is $58.79 and its 200 day moving average price is $51.26. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 82.78 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating 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 business had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. During the same period last year, the firm earned $1.35 EPS. The company's quarterly revenue was down 25.0% compared to the same quarter last year. On average, sell-side analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

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

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NWF Advisory Services Inc. raised its holdings in shares of Warrior Met Coal by 821.7% in the second quarter. NWF Advisory Services Inc. now owns 77,650 shares of the company's stock worth $3,559,000 after acquiring an additional 69,225 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Warrior Met Coal by 2,261.2% in the second quarter. Osaic Holdings Inc. now owns 41,935 shares of the company's stock worth $1,922,000 after acquiring an additional 40,159 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Warrior Met Coal in the second quarter worth $530,000. L1 Capital Pty Ltd raised its holdings in shares of Warrior Met Coal by 175.8% in the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company's stock worth $90,791,000 after acquiring an additional 1,262,736 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Warrior Met Coal by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 179,227 shares of the company's stock valued at $8,214,000 after purchasing an additional 12,598 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.