Log Out

Warrior Met Coal (NYSE:HCC) Trading Up 1.4%

Defense World · Sep 18, 2022 03:41

Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) was up 1.4% on Friday . The company traded as high as $29.12 and last traded at $29.00. Approximately 4,055 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 602,558 shares. The stock had previously closed at $28.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCC shares. Clarkson Capital reissued a "buy" rating on shares of Warrior Met Coal in a report on Tuesday, June 14th. B. Riley upped their price objective on shares of Warrior Met Coal from $45.00 to $48.00 in a research note on Thursday, July 7th. BMO Capital Markets lowered shares of Warrior Met Coal from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $45.00 to $37.00 in a research note on Thursday, August 4th. Finally, Jefferies Financial Group raised shares of Warrior Met Coal from a "hold" rating to a "buy" rating and upped their price objective for the company from $36.00 to $50.00 in a research note on Tuesday, June 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.75.

Get Warrior Met Coal alerts:

Warrior Met Coal Stock Down 2.0 %

The company has a quick ratio of 6.74, a current ratio of 7.71 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.45 billion, a PE ratio of 2.34 and a beta of 0.97. The business's 50 day simple moving average is $31.52 and its 200 day simple moving average is $33.90.

Warrior Met Coal (NYSE:HCC – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $5.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.59 by $0.28. The business had revenue of $625.16 million during the quarter, compared to analyst estimates of $585.28 million. Warrior Met Coal had a net margin of 38.24% and a return on equity of 68.47%. As a group, analysts forecast that Warrior Met Coal, Inc. will post 11.37 EPS for the current year.

Warrior Met Coal Increases Dividend

The business also recently declared a None dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 22nd were given a $0.80 dividend. This is a positive change from Warrior Met Coal's previous None dividend of $0.50. The ex-dividend date was Friday, August 19th. Warrior Met Coal's dividend payout ratio is 2.00%.

Insider Transactions at Warrior Met Coal

In related news, Director Lisa M. Schnorr purchased 1,500 shares of Warrior Met Coal stock in a transaction dated Thursday, August 11th. The stock was acquired at an average cost of $32.01 per share, with a total value of $48,015.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company's stock, valued at $48,015. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in Warrior Met Coal by 12.5% in the second quarter. Federated Hermes Inc. now owns 181,239 shares of the company's stock worth $5,548,000 after buying an additional 20,126 shares during the last quarter. Legal & General Group Plc increased its holdings in Warrior Met Coal by 1.4% in the second quarter. Legal & General Group Plc now owns 134,689 shares of the company's stock worth $4,123,000 after buying an additional 1,855 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Warrior Met Coal by 10.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,078,624 shares of the company's stock worth $33,017,000 after buying an additional 105,251 shares during the last quarter. Waratah Capital Advisors Ltd. increased its holdings in Warrior Met Coal by 1.1% in the second quarter. Waratah Capital Advisors Ltd. now owns 1,124,658 shares of the company's stock worth $34,385,000 after buying an additional 12,743 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Warrior Met Coal by 21.3% in the second quarter. Thrivent Financial for Lutherans now owns 50,747 shares of the company's stock worth $1,553,000 after buying an additional 8,895 shares during the last quarter. Institutional investors and hedge funds own 95.26% of the company's stock.

Warrior Met Coal Company Profile

(Get Rating)

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.