Warrior Met Coal (NYSE:HCC) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Warrior Met Coal (NYSE:HCC – Free Report) from a hold rating to a sell rating in a report published on Saturday.

HCC has been the subject of a number of other research reports. B. Riley cut their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Finally, UBS Group lifted their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Hold” and an average target price of $63.50.

Read Our Latest Stock Analysis on Warrior Met Coal

Warrior Met Coal Trading Up 7.4%

NYSE:HCC opened at $62.13 on Friday. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. The company has a market cap of $3.27 billion, a PE ratio of 80.68 and a beta of 0.74. The company has a 50 day simple moving average of $56.63 and a two-hundred day simple moving average of $50.34.

Warrior Met Coal (NYSE:HCC – Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue was down 25.0% on a year-over-year basis. Research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were paid a $0.08 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.5%. Warrior Met Coal’s payout ratio is presently 41.56%.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently bought and sold shares of HCC. EverSource Wealth Advisors LLC raised its position in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after buying an additional 253 shares in the last quarter. Covestor Ltd raised its position in shares of Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after buying an additional 335 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Warrior Met Coal by 5,565.4% during the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after buying an additional 2,894 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Warrior Met Coal by 41.8% during the 1st quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after buying an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

(Get Free Report)

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.

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