Warrior Met Coal (NYSE:HCC) Trading 5.8% Higher - Here's What Happened

Key Points

• Warrior Met Coal shares rose by 5.8%, reaching a last traded price of $61.24, despite trading volume dropping significantly to 45,502 shares compared to an average of 970,636 shares.
• Analysts have varied opinions on the stock, with BMO Capital Markets setting a target price of $55, while UBS Group increased their target from $50 to $60, reflecting mixed ratings among investment analysts.
• The company reported better-than-expected earnings with $0.11 EPS, surprising analysts who anticipated a loss, though revenue was down 25% year-over-year.

Warrior Met Coal (NYSE:HCC - Get Free Report)'s stock price traded up 5.8% during trading on Monday . The company traded as high as $60.61 and last traded at $61.24. 45,502 shares changed hands during trading, a decline of 95% from the average session volume of 970,636 shares. The stock had previously closed at $57.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. 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 report on Tuesday, July 22nd. Wall Street Zen cut Warrior Met Coal from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. UBS Group raised their price target on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a "market perform" rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Warrior Met Coal currently has an average rating of "Hold" and an average target price of $63.50.

Warrior Met Coal Stock Performance

The business's fifty day moving average is $57.63 and its two-hundred day moving average is $50.72. The stock has a market capitalization of $3.30 billion, a PE ratio of 81.55 and a beta of 0.74. 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 (NYSE:HCC - Get Free Report) last released its quarterly earnings data 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 net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same quarter last year, the business earned $1.35 earnings per share. Warrior Met Coal's quarterly revenue was down 25.0% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCC. EverSource Wealth Advisors LLC raised its position in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after purchasing an additional 467 shares during the period. GAMMA Investing LLC boosted its position in shares of Warrior Met Coal by 23.1% during the second 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 period. Covestor Ltd boosted its position in shares of Warrior Met Coal by 14.6% during the first 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 period. Farther Finance Advisors LLC boosted its position in shares of Warrior Met Coal by 5,565.4% during the first 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 period. Finally, KBC Group NV boosted its position in shares of Warrior Met Coal by 41.8% during the first 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 period. 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.