Warrior Met Coal (NYSE:HCC) Stock Lifted to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently commented on the company. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. Finally, UBS Group increased their target price on Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

Warrior Met Coal Price Performance

HCC opened at $93.06 on Friday. Warrior Met Coal has a twelve month low of $61.87 and a twelve month high of $111.42. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 22.37 and a beta of 0.72. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $96.25 and a 200 day simple moving average of $91.08.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm’s revenue was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Equities research analysts expect that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s payout ratio is 7.69%.

Insider Buying and Selling

In related news, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This represents a 15.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen Williams sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 104,800 shares of company stock valued at $11,250,304 over the last quarter. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $606,503,000. Goehring & Rozencwajg Associates LLC bought a new position in Warrior Met Coal in the first quarter worth about $55,714,000. Bank of New York Mellon Corp acquired a new position in Warrior Met Coal in the second quarter valued at approximately $31,201,000. Encompass Capital Advisors LLC acquired a new position in Warrior Met Coal in the fourth quarter valued at approximately $33,133,000. Finally, Summit Street Capital Management LLC bought a new position in shares of Warrior Met Coal during the second quarter valued at approximately $25,744,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.