Benchmark Reaffirms Hold Rating for Warrior Met Coal (NYSE:HCC)

Benchmark reaffirmed their hold rating on shares of Warrior Met Coal (NYSE:HCC) in a report published on Monday, Benzinga reports.

HCC has been the topic of a number of other reports. B. Riley boosted their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the stock a buy rating in a report on Thursday, May 2nd. Citigroup raised shares of Warrior Met Coal from a neutral rating to a buy rating and boosted their price objective for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, BMO Capital Markets raised their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a market perform rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Warrior Met Coal currently has an average rating of Moderate Buy and an average price target of $72.80.

Warrior Met Coal Stock Up 0.5 %

Shares of HCC opened at $73.21 on Monday. The firm has a 50 day simple moving average of $66.15 and a two-hundred day simple moving average of $62.80. The company has a market cap of $3.83 billion, a P/E ratio of 8.81 and a beta of 1.05. Warrior Met Coal has a one year low of $37.28 and a one year high of $75.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The business had revenue of $503.50 million for the quarter, compared to analyst estimates of $474.99 million. During the same period last year, the firm posted $3.57 earnings per share. Warrior Met Coal’s revenue was down 1.2% compared to the same quarter last year. Research analysts forecast that Warrior Met Coal will post 6.98 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in shares of Warrior Met Coal in the fourth quarter valued at $44,388,000. KGH Ltd lifted its position in Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock valued at $132,297,000 after acquiring an additional 260,091 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Warrior Met Coal during the 1st quarter valued at about $9,234,000. Jupiter Asset Management Ltd. bought a new stake in Warrior Met Coal during the 1st quarter worth approximately $7,021,000. Finally, Forest Avenue Capital Management LP bought a new stake in Warrior Met Coal during the 4th quarter worth approximately $6,725,000. Institutional investors own 92.28% of the company’s stock.

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.