Warrior Met Coal (NYSE:HCC) Receives $103.40 Average Target Price from Brokerages

Warrior Met Coal (NYSE:HCC) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $103.40.

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Citigroup boosted their target price on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Jefferies Financial Group upped their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. UBS Group increased their price target on shares of Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a report on Friday, March 27th. Finally, B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $87.93 on Thursday. The business has a 50 day moving average price of $87.73 and a 200 day moving average price of $83.59. Warrior Met Coal has a twelve month low of $40.80 and a twelve month high of $105.35. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 80.67 and a beta of 0.67. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $383.99 million during the quarter, compared to analyst estimates of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Research analysts predict that Warrior Met Coal will post 7.79 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 7th. Investors of record on Friday, May 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, May 1st. Warrior Met Coal’s dividend payout ratio (DPR) is presently 29.36%.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently added to or reduced their stakes in HCC. Maryland State Retirement & Pension System raised its holdings in Warrior Met Coal by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock valued at $677,000 after acquiring an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Warrior Met Coal by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock worth $1,060,000 after acquiring an additional 149 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Warrior Met Coal by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after purchasing an additional 168 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Warrior Met Coal by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock worth $990,000 after purchasing an additional 213 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Warrior Met Coal by 3.2% during the third quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock valued at $448,000 after purchasing an additional 216 shares during the period. 92.28% of the stock is currently owned by institutional investors.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.