In yesterday’s Wall Street session, Warrior Met Coal Inc. (NYSE:HCC) shares traded at $38.31, up 2.32% from the previous session.
As of this writing, 7 analysts cover Warrior Met Coal Inc. (NYSE:HCC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $35.00, we find $43.50. Given the previous closing price of $37.44, this indicates a potential upside of 16.19 percent. HCC stock price is now 8.26% away from the 50-day moving average and 15.51% away from the 200-day moving average. The market capitalization of the company currently stands at $1.93B.
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There are 4 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $44.33 as their price target over the next twelve months.
With the price target enhanced from $48 to $50, B. Riley Securities Upgraded its rating from Neutral to Buy for Warrior Met Coal Inc. (NYSE: HCC). On August 04, 2022, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $45 to quote $37, while ‘Jefferies’ rates the stock as ‘Buy’.
In other news, Schnorr Lisa M., Director bought 1,500 shares of the company’s stock on Aug 11. The stock was bought for $48,015 at an average price of $32.01. Upon completion of the transaction, the Director now directly owns 1,500 shares in the company, valued at $57465.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Chief Accounting Officer Chopin Brian M sold 8,500 shares of the business’s stock. A total of $289,000 was realized by selling the stock at an average price of $34.00. This leaves the insider owning 6,545 shares of the company worth $0.25 million. Insiders disposed of 98,188 shares of company stock worth roughly $3.76 million over the past 1 year. A total of 1.04% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HCC stock. A new stake in Warrior Met Coal Inc. shares was purchased by VIRTUS FUND ADVISERS, LLC during the first quarter worth $49,087,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $27,566,000 in shares of HCC during the first quarter. In the first quarter, CONTRARIUS INVESTMENT MANAGEMENT LTD acquired a new stake in Warrior Met Coal Inc. valued at approximately $9,524,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in HCC for approximately $8,567,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND purchased a new stake in HCC valued at around $4,789,000 in the second quarter.
Friday morning saw Warrior Met Coal Inc. (NYSE: HCC) opened at $37.70. During the past 12 months, Warrior Met Coal Inc. has had a low of $23.98 and a high of $41.33. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 7.00, and a quick ratio of 6.10. The fifty day moving average price for HCC is $35.38 and a two-hundred day moving average price translates $33.61 for the stock.
The latest earnings results from Warrior Met Coal Inc. (NYSE: HCC) was released for Jun, 2022. According to the Coking Coal Company, earnings per share came in at $5.87, beating analysts’ expectations of $4.97 by 0.9. This compares to $0.74 EPS in the same period last year. The net profit margin was 37.60% and return on equity was 60.10% for HCC. The company reported revenue of $390.18 million for the quarter, compared to $202.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 92.71 percent. For the current quarter, analysts expect HCC to generate $367.28M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/11/2022. Investors who held shares on 11/04/2022 were paid a $0.06 dividend. On an annualized basis, this represents a $0.24 dividend and a 0.63% percent yield. There was an ex-dividend date of 11/03/2022 for this dividend. In terms of dividend payout ratio, HCC is presently at 1.70%.
Warrior Met Coal Inc.(HCC) 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. Warrior Met Coal, Inc. was incorporated in 2015 and is headquartered in Brookwood, Alabama.
