Warrior Met Coal (NYSE:HCC) Downgraded by Zacks Investment Research
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
HCC has been the subject of several other research reports. BMO Capital Markets set a $40.00 price target on shares of Warrior Met Coal and gave the company a buy rating in a report on Thursday, May 2nd. Deutsche Bank set a $34.00 price target on shares of Warrior Met Coal and gave the company a buy rating in a report on Thursday, July 11th. TheStreet downgraded shares of Warrior Met Coal from a b- rating to a c+ rating in a report on Wednesday, June 5th. Royal Bank of Canada set a $33.00 price target on shares of Warrior Met Coal and gave the company a hold rating in a report on Friday, May 3rd. Finally, MKM Partners boosted their price target on shares of Warrior Met Coal to $38.00 and gave the company a buy rating in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $31.89.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.47. Warrior Met Coal had a net margin of 47.01% and a return on equity of 62.99%. The company had revenue of $397.61 million during the quarter, compared to the consensus estimate of $311.62 million. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities analysts expect that Warrior Met Coal will post 6.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, August 1st. Warrior Met Coal’s payout ratio is currently 2.31%.
In related news, CEO Walter J. Scheller sold 4,547 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $27.04, for a total value of $122,950.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian M. Chopin sold 1,068 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $27.13, for a total transaction of $28,974.84. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. HCR Wealth Advisors bought a new stake in Warrior Met Coal in the first quarter worth about $224,000. Advisor Group Inc. raised its position in Warrior Met Coal by 170.6% in the second quarter. Advisor Group Inc. now owns 1,510 shares of the company’s stock worth $40,000 after acquiring an additional 952 shares in the last quarter. New York State Teachers Retirement System bought a new stake in Warrior Met Coal in the first quarter worth about $116,000. Bank of Montreal Can bought a new stake in Warrior Met Coal in the second quarter worth about $113,000. Finally, SG Americas Securities LLC bought a new stake in Warrior Met Coal in the second quarter worth about $115,000.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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