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

Warrior Met Coal, Inc. (NYSE:HCC)’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 trading hands.

Analysts Set New Price Targets

HCC has been the subject of a number of recent research reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. B. Riley decreased their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group dropped their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Stock Up 2.7 %

The company has a market cap of $2.69 billion, a P/E ratio of 10.67 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The business’s fifty day moving average is $53.24 and its two-hundred day moving average is $59.16.

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

Warrior Met Coal Dividend Announcement

The company 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. This represents a $0.32 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors have recently made changes to their positions in HCC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Warrior Met Coal by 24.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 119,250 shares of the company’s stock worth $6,468,000 after acquiring an additional 23,802 shares in the last quarter. Woodline Partners LP lifted its position in shares of Warrior Met Coal by 224.2% in the 4th quarter. Woodline Partners LP now owns 670,380 shares of the company’s stock worth $36,361,000 after purchasing an additional 463,577 shares during the period. Wexford Capital LP bought a new position in shares of Warrior Met Coal during the fourth quarter valued at approximately $3,924,000. Silver Point Capital L.P. purchased a new position in Warrior Met Coal during the fourth quarter valued at approximately $34,985,000. Finally, Malaga Cove Capital LLC raised its stake in Warrior Met Coal by 153.1% in the fourth quarter. Malaga Cove Capital LLC now owns 8,293 shares of the company’s stock worth $450,000 after buying an additional 5,017 shares in the last quarter. Hedge funds and other 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.