Warrior Met Coal Target of Unusually High Options Trading (HCC)
Warrior Met Coal Inc. (NYSE:HCC) saw some unusual options trading on Friday. Stock traders acquired 1,998 call options on the stock. This represents an increase of 2,367% compared to the average volume of 81 call options.
Several equities analysts recently weighed in on the company. B. Riley reiterated a “neutral” rating on shares of Warrior Met Coal in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada set a $27.00 price objective on Warrior Met Coal and gave the company a “buy” rating in a research report on Tuesday, October 10th. MKM Partners restated a “neutral” rating and issued a $21.00 price objective (up from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. Finally, FBR & Co boosted their price objective on Warrior Met Coal from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Warrior Met Coal presently has a consensus rating of “Hold” and an average target price of $25.92.
Warrior Met Coal (NYSE:HCC) opened at $20.54 on Monday. Warrior Met Coal has a 52-week low of $15.10 and a 52-week high of $30.49.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data 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. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The business had revenue of $312.00 million for the quarter, compared to the consensus estimate of $301.89 million. The firm’s revenue was up 489.8% compared to the same quarter last year. analysts forecast that Warrior Met Coal will post 7.85 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th were issued a $11.21 dividend. This represents a dividend yield of 0.75%. This is a boost from Warrior Met Coal’s previous special dividend of $0.05. The ex-dividend date of this dividend was Friday, November 24th. Warrior Met Coal’s payout ratio is 2.70%.
In related news, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total transaction of $524,776.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $560,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. bought a new stake in shares of Warrior Met Coal in the second quarter worth about $131,000. Quantbot Technologies LP bought a new stake in shares of Warrior Met Coal in the third quarter worth about $135,000. The Manufacturers Life Insurance Company bought a new stake in shares of Warrior Met Coal in the second quarter worth about $219,000. Tudor Investment Corp ET AL bought a new stake in shares of Warrior Met Coal in the second quarter worth about $223,000. Finally, Royal Bank of Canada bought a new stake in shares of Warrior Met Coal in the second quarter worth about $228,000. 98.38% of the stock is currently owned by hedge funds and other institutional investors.
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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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