Zacks Investment Research cut shares of Warrior Met Coal (NYSE:HCC) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday.
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. “
Several other equities research analysts have also recently commented on HCC. ValuEngine cut Warrior Met Coal from a buy rating to a hold rating in a research note on Wednesday, March 7th. Royal Bank of Canada cut Warrior Met Coal from an outperform rating to a sector perform rating and set a $25.00 price target for the company. in a research note on Monday, December 4th. Citigroup raised Warrior Met Coal from a neutral rating to a buy rating and set a $28.00 price target for the company in a research note on Thursday, February 22nd. B. Riley reissued a hold rating and issued a $28.00 price target on shares of Warrior Met Coal in a research note on Wednesday, January 17th. Finally, Macquarie raised Warrior Met Coal from an underperform rating to a hold rating in a research note on Tuesday, January 23rd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Warrior Met Coal currently has an average rating of Hold and an average price target of $28.58.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, February 14th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. The company had revenue of $239.80 million for the quarter, compared to the consensus estimate of $227.72 million. Warrior Met Coal had a return on equity of 61.78% and a net margin of 38.92%. sell-side analysts forecast that Warrior Met Coal will post 5.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. Warrior Met Coal’s payout ratio is 2.32%.
In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $30.98, for a total transaction of $1,549,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian M. Chopin sold 21,106 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $31.84, for a total value of $672,015.04. The disclosure for this sale can be found here. Insiders have sold 142,097 shares of company stock valued at $4,461,619 in the last ninety days.
A number of institutional investors have recently made changes to their positions in the business. Delek Group Ltd. bought a new stake in Warrior Met Coal during the fourth quarter worth approximately $126,000. MetLife Investment Advisors LLC bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $408,000. Macquarie Group Ltd. boosted its position in shares of Warrior Met Coal by 285.0% in the fourth quarter. Macquarie Group Ltd. now owns 15,400 shares of the company’s stock valued at $387,000 after acquiring an additional 11,400 shares during the period. Jane Street Group LLC bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $408,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $677,000.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
Receive News & Ratings for Warrior Met Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal and related companies with MarketBeat.com's FREE daily email newsletter.