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. Warrior Met Coal, Inc. was incorporated in 2015 and is headquartered in Brookwood, Alabama.
Analyst Ratings Changes
A number of analysts have weighed in on HCC shares. Clarkson Capital reissued a "buy" rating on shares of Warrior Met Coal in a research report on Tuesday, June 14th. BMO Capital Markets downgraded shares of Warrior Met Coal from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $45.00 to $37.00 in a research note on Thursday, August 4th. B. Riley upped their price target on shares of Warrior Met Coal from $45.00 to $48.00 in a research report on Thursday, July 7th. Finally, Jefferies Financial Group raised Warrior Met Coal from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $36.00 to $50.00 in a research report on Tuesday, June 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $39.75.
Warrior Met Coal Trading Up 1.1 %
HCC opened at $33.84 on Wednesday. The company has a fifty day moving average price of $31.51 and a two-hundred day moving average price of $33.58. Warrior Met Coal has a 1-year low of $17.86 and a 1-year high of $42.95. The company has a market cap of $1.75 billion, a P/E ratio of 2.82 and a beta of 0.98. The company has a current ratio of 7.71, a quick ratio of 6.74 and a debt-to-equity ratio of 0.28.
Warrior Met Coal Increases Dividend
The company also recently declared a None dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 22nd will be paid a dividend of $0.80 per share. This is an increase from Warrior Met Coal's previous None dividend of $0.50. The ex-dividend date of this dividend is Friday, August 19th. Warrior Met Coal's dividend payout ratio is 2.00%.
Insiders Place Their Bets
In other news, Director Lisa M. Schnorr acquired 1,500 shares of the firm's stock in a transaction dated Thursday, August 11th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $48,015.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at approximately $48,015. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company's stock.