Analysts Set Warrior Met Coal, Inc. (NYSE:HCC) Price Target at $75.75

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $73.60.

Several research firms have commented on HCC. B. Riley upped their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group dropped their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday.

Warrior Met Coal Stock Performance

Shares of HCC stock traded down $1.21 during trading hours on Monday, hitting $53.37. 734,227 shares of the company were exchanged, compared to its average volume of 662,376. Warrior Met Coal has a 52-week low of $50.60 and a 52-week high of $75.53. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $63.64 and a 200 day simple moving average of $62.78. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 7.37 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. The business's revenue was down 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share. Research analysts predict that Warrior Met Coal will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal's dividend payout ratio is presently 4.42%.

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently modified their holdings of HCC. GAMMA Investing LLC lifted its stake in Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company's stock worth $54,000 after purchasing an additional 358 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company's stock worth $42,904,000 after buying an additional 83,331 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company's stock worth $19,062,000 after buying an additional 10,787 shares in the last quarter. Franklin Resources Inc. boosted its stake in Warrior Met Coal by 3.6% during the third quarter. Franklin Resources Inc. now owns 61,209 shares of the company's stock valued at $3,966,000 after buying an additional 2,114 shares during the period. Finally, Tidal Investments LLC purchased a new position in Warrior Met Coal during the third quarter worth about $1,858,000. 92.28% of the stock is currently owned by institutional investors.

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.