Warrior Met Coal’s (HCC) “Hold” Rating Reaffirmed at Benchmark

Benchmark restated their hold rating on shares of Warrior Met Coal (NYSE:HCC) in a report released on Friday,Benzinga reports.

Other research analysts have also recently issued reports about the company. B. Riley boosted their target price on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group lowered their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.00.

Warrior Met Coal Price Performance

NYSE:HCC opened at $49.69 on Friday. Warrior Met Coal has a 12 month low of $49.33 and a 12 month high of $75.53. The stock has a 50 day moving average of $55.04 and a two-hundred day moving average of $59.87. 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 market cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07.

Warrior Met Coal (NYSE:HCC) 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 19.00% and a net margin of 23.77%. On average, analysts expect that Warrior Met Coal will post 5.3 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its holdings in Warrior Met Coal by 26.6% in the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after acquiring an additional 10,972 shares during the last quarter. Geode Capital Management LLC raised its position in Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares during the period. JPMorgan Chase & Co. raised its position in Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after purchasing an additional 83,331 shares during the period. Citigroup Inc. raised its position in Warrior Met Coal by 61.4% in the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after purchasing an additional 33,272 shares during the period. Finally, Principal Financial Group Inc. raised its position in Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after purchasing an additional 10,787 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

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.