Warrior Met Coal (NYSE:HCC) Price Target Cut to $97.00 by Analysts at UBS Group

Warrior Met Coal (NYSE:HCC) had its target price lowered by UBS Group from $102.00 to $97.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, October 29th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen cut shares of Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, B. Riley Financial reduced their price objective on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.80.

Warrior Met Coal Trading Down 0.7%

HCC opened at $80.36 on Thursday. The stock has a 50-day moving average of $91.99 and a 200 day moving average of $89.85. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12 month low of $71.79 and a 12 month high of $111.42. The firm has a market cap of $4.24 billion, a P/E ratio of 18.30 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.62). The firm had revenue of $507.93 million during the quarter, compared to the consensus estimate of $505.84 million. Warrior Met Coal had a return on equity of 10.49% and a net margin of 12.47%. The firm’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. As a group, research analysts forecast that Warrior Met Coal will post 6.97 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, November 6th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at $33,368,265. The trade was a 13.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Warrior Met Coal in the second quarter valued at approximately $606,503,000. Goehring & Rozencwajg Associates LLC purchased a new stake in Warrior Met Coal during the first quarter worth approximately $55,714,000. Bank of New York Mellon Corp purchased a new stake in Warrior Met Coal during the second quarter worth approximately $31,201,000. Summit Street Capital Management LLC purchased a new stake in Warrior Met Coal during the second quarter worth approximately $25,744,000. Finally, Bank of America Corp DE acquired a new stake in shares of Warrior Met Coal in the second quarter worth $16,586,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.