Warrior Met Coal (NYSE:HCC) Stock Price Up 5.8% - Here's Why

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.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) were up 5.8% during mid-day trading on Monday . The stock traded as high as $60.61 and last traded at $61.24. Approximately 45,502 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 970,636 shares. The stock had previously closed at $57.87.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. 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 research note on Wednesday, August 20th. B. Riley cut 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. Finally, Wall Street Zen downgraded shares of Warrior Met Coal from a "hold" rating to a "sell" rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.50.

Warrior Met Coal Stock Up 7.4%

The stock has a 50-day moving average of $56.37 and a 200 day moving average of $50.24. 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 company has a market cap of $3.27 billion, a P/E ratio of 80.68 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its 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. The firm had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business's quarterly revenue was down 25.0% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. Research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company 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. 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 payout ratio is currently 41.56%.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after buying an additional 467 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Warrior Met Coal by 23.1% in the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock worth $62,000 after acquiring an additional 253 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock worth $125,000 after acquiring an additional 335 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 purchasing an additional 2,894 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after purchasing an additional 894 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

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.

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