Analysts Set Warrior Met Coal, Inc. (NYSE:HCC) Target Price at $72.60

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $75.75.

Several research firms have issued reports on HCC. B. Riley cut their price target on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after acquiring an additional 144 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new position in Warrior Met Coal in the first quarter worth about $39,000. EntryPoint Capital LLC bought a new position in Warrior Met Coal in the first quarter worth about $54,000. Ausbil Investment Management Ltd bought a new position in shares of Warrior Met Coal in the 2nd quarter worth approximately $82,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Warrior Met Coal in the 1st quarter valued at approximately $104,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Down 0.9 %

Shares of NYSE:HCC opened at $62.00 on Friday. Warrior Met Coal has a 52-week low of $44.76 and a 52-week high of $75.53. The firm has a fifty day moving average of $59.38 and a 200 day moving average of $63.15. The firm has a market capitalization of $3.24 billion, a PE ratio of 7.46 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The company had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal will post 5.55 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.