Warrior Met Coal (NYSE:HCC) Shares Gap Up – Here’s What Happened

Warrior Met Coal, Inc. (NYSE:HCC) shares gapped up prior to trading 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 traded.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HCC shares. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. B. Riley cut their target price on shares of 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 reduced their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Warrior Met Coal Stock Up 9.7 %

The stock’s 50-day moving average price is $53.59 and its 200-day moving average price is $59.31. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 10.56 and a beta of 1.07.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. On average, sell-side analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.63%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its stake in shares of Warrior Met Coal by 1.7% in the 3rd quarter. Creative Planning now owns 20,700 shares of the company’s stock valued at $1,323,000 after acquiring an additional 338 shares in the last quarter. Blue Trust Inc. grew its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares during the period. Graham Capital Wealth Management LLC increased its stake in Warrior Met Coal by 2.3% in the third quarter. Graham Capital Wealth Management LLC now owns 47,545 shares of the company’s stock valued at $3,038,000 after purchasing an additional 1,071 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Warrior Met Coal by 14.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,071 shares of the company’s stock valued at $388,000 after purchasing an additional 755 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Warrior Met Coal by 2.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 67,981 shares of the company’s stock worth $4,344,000 after purchasing an additional 1,641 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

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.