Warrior Met Coal (NYSE:HCC) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a hold rating in a research note published on Saturday.

Other research analysts have also recently issued research reports about the company. UBS Group reduced their price objective on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Finally, B. Riley Financial boosted their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $79.01 on Friday. The company’s fifty day simple moving average is $88.67 and its 200-day simple moving average is $89.37. Warrior Met Coal has a 52 week low of $49.07 and a 52 week high of $110.39. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.17 billion, a PE ratio of 30.16 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same period last year, the company posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 52.9% on a year-over-year basis. As a group, equities research analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were issued a $0.08 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s payout ratio is currently 12.21%.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HCC. Meeder Asset Management Inc. acquired a new stake in Warrior Met Coal during the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the last quarter. Parallel Advisors LLC increased its holdings in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $37,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $63,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.