Warrior Met Coal (NYSE:HCC) Downgraded by Wall Street Zen to “Buy”

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

HCC has been the topic of several other reports. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. UBS Group increased their price objective on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Royal Bank Of Canada raised their target price on shares of 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. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, B. Riley Financial decreased their target price on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.33.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $85.72 on Friday. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a twelve month low of $64.27 and a twelve month high of $111.42. The company has a market cap of $4.53 billion, a P/E ratio of 20.61 and a beta of 0.72. The business has a fifty day simple moving average of $93.97 and a 200 day simple moving average of $90.25.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. Warrior Met Coal’s revenue was up 71.3% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, sell-side analysts forecast that Warrior Met Coal will post 6.97 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, November 6th. Warrior Met Coal’s payout ratio is 7.69%.

Insider Activity at Warrior Met Coal

In related news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter Scheller sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer directly owned 317,793 shares in the company, valued at $33,368,265. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,800 shares of company stock valued at $11,250,304 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

Large investors have recently modified their holdings of the business. Covestor Ltd boosted its holdings in Warrior Met Coal by 14,925.0% during the third quarter. Covestor Ltd now owns 1,202 shares of the company’s stock worth $106,000 after purchasing an additional 1,194 shares during the last quarter. Lifetime Wealth Management P.C. grew its position in Warrior Met Coal by 10.2% in the 3rd quarter. Lifetime Wealth Management P.C. now owns 43,087 shares of the company’s stock worth $3,795,000 after purchasing an additional 4,000 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd increased its stake in Warrior Met Coal by 0.8% in the 3rd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 142,082 shares of the company’s stock valued at $12,507,000 after buying an additional 1,080 shares during the last quarter. Choreo LLC increased its stake in Warrior Met Coal by 17.2% in the 3rd quarter. Choreo LLC now owns 5,408 shares of the company’s stock valued at $476,000 after buying an additional 792 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its stake in Warrior Met Coal by 4.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 7,797 shares of the company’s stock valued at $687,000 after buying an additional 304 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.