Warrior Met Coal Inc. (HCC) Lowered to Hold at ValuEngine
ValuEngine downgraded shares of Warrior Met Coal Inc. (NYSE:HCC) from a buy rating to a hold rating in a report published on Thursday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Warrior Met Coal from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Wednesday, July 12th. Royal Bank Of Canada reiterated a buy rating and issued a $27.00 price target on shares of Warrior Met Coal in a research note on Wednesday, September 6th. Finally, MKM Partners reiterated a buy rating and issued a $28.00 price target on shares of Warrior Met Coal in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $25.92.
Shares of Warrior Met Coal (HCC) traded up $1.23 during trading on Thursday, reaching $27.18. 2,117,059 shares of the company’s stock traded hands, compared to its average volume of 575,643. Warrior Met Coal has a one year low of $15.10 and a one year high of $28.00.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.01. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The company’s quarterly revenue was up 489.8% compared to the same quarter last year. equities research analysts anticipate that Warrior Met Coal will post 7.56 EPS for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be given a dividend of $11.21 per share. The ex-dividend date is Friday, November 24th. This is a positive change from Warrior Met Coal’s previous special dividend of $0.05. This represents a dividend yield of 0.75%. Warrior Met Coal’s dividend payout ratio (DPR) is 4.41%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers purchased a new position in shares of Warrior Met Coal during the second quarter worth approximately $343,000. Franklin Resources Inc. purchased a new position in shares of Warrior Met Coal during the second quarter worth approximately $82,178,000. Silver Point Capital L.P. purchased a new position in shares of Warrior Met Coal during the second quarter worth approximately $14,495,000. Caspian Capital LP purchased a new position in shares of Warrior Met Coal during the second quarter worth approximately $37,651,000. Finally, FMR LLC purchased a new position in shares of Warrior Met Coal during the second quarter worth approximately $12,380,000. Institutional investors and hedge funds own 98.22% of the company’s stock.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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