Warrior Met Coal Inc. (HCC) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Warrior Met Coal Inc. (NYSE:HCC) from a hold rating to a strong-buy rating in a report released on Tuesday. The brokerage currently has $31.00 price objective on the stock.
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
HCC has been the subject of several other research reports. Royal Bank Of Canada set a $27.00 price objective on shares of Warrior Met Coal and gave the stock a buy rating in a research report on Tuesday, October 10th. MKM Partners reaffirmed a neutral rating and set a $21.00 price objective (up previously from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. FBR & Co upped their price objective on shares of Warrior Met Coal from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Monday, September 25th. Macquarie began coverage on shares of Warrior Met Coal in a research report on Thursday, September 7th. They set an underperform rating and a $24.00 price objective for the company. Finally, Seaport Global Securities cut shares of Warrior Met Coal from a buy rating to a neutral rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Warrior Met Coal currently has an average rating of Hold and a consensus price target of $25.92.
Warrior Met Coal (HCC) traded up $1.23 on Tuesday, reaching $27.18. 2,117,059 shares of the company traded hands, compared to its average volume of 575,643. Warrior Met Coal has a 1-year low of $15.10 and a 1-year high of $28.00.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.01. The firm had revenue of $312.00 million for the quarter, compared to the consensus estimate of $301.89 million. The firm’s revenue for the quarter was up 489.8% compared to the same quarter last year. analysts expect that Warrior Met Coal will post 7.56 EPS for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be issued a $11.21 dividend. The ex-dividend date is Friday, November 24th. This represents a dividend yield of 0.75%. This is a boost from Warrior Met Coal’s previous special dividend of $0.05. Warrior Met Coal’s dividend payout ratio is 4.41%.
Several institutional investors have recently added to or reduced their stakes in HCC. Apollo Management Holdings L.P. acquired a new position in shares of Warrior Met Coal in the second quarter valued at approximately $173,185,000. Franklin Resources Inc. acquired a new stake in Warrior Met Coal during the 2nd quarter valued at approximately $82,178,000. Caspian Capital LP acquired a new stake in Warrior Met Coal during the 2nd quarter valued at approximately $37,651,000. Capital World Investors acquired a new stake in Warrior Met Coal during the 2nd quarter valued at approximately $25,953,000. Finally, Impala Asset Management LLC acquired a new stake in Warrior Met Coal during the 2nd quarter valued at approximately $21,590,000. 98.22% of the stock is owned by institutional investors.
Warrior Met Coal Company Profile
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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