Warrior Met Coal (NYSE:HCC) Shares Gap Up - Still a Buy?

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $46.13, but opened at $49.77. Warrior Met Coal shares last traded at $49.69, with a volume of 684,970 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HCC shares. B. Riley dropped their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, 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, January 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal has an average rating of "Moderate Buy" and an average target price of $74.00.

Warrior Met Coal Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The firm's 50-day simple moving average is $52.98 and its two-hundred day simple moving average is $59.03. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.40 and a beta of 1.07.

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

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Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.64%. Warrior Met Coal's payout ratio is currently 6.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $43,000. GAMMA Investing LLC lifted its holdings in shares of Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after purchasing an additional 358 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 304.1% in the fourth 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. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.