B. Riley Lowers Warrior Met Coal (NYSE:HCC) Price Target to $76.00

Warrior Met Coal (NYSE:HCC - Free Report) had its price target cut by B. Riley from $86.00 to $76.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Jefferies Financial Group lowered their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, January 6th.

Warrior Met Coal Stock Down 0.1 %

HCC stock traded down $0.07 during trading on Friday, reaching $47.25. The stock had a trading volume of 315,615 shares, compared to its average volume of 782,315. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.53. The firm has a fifty day moving average price of $48.12 and a 200 day moving average price of $56.50. The company has a market capitalization of $2.48 billion, a P/E ratio of 9.86 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. On average, equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

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Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Warrior Met Coal's dividend payout ratio (DPR) is 6.68%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in Warrior Met Coal during the 4th quarter valued at $43,000. GAMMA Investing LLC boosted its stake in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after buying an additional 358 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after purchasing an additional 1,456 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other 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.