Warrior Met Coal (NYSE:HCC) Given New $92.00 Price Target at B. Riley

Warrior Met Coal (NYSE:HCC) had its price objective lifted by B. Riley from $91.00 to $92.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.30 EPS, FY2024 earnings at $6.87 EPS, Q1 2025 earnings at $1.80 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.80 EPS, FY2025 earnings at $7.39 EPS, Q2 2026 earnings at $2.00 EPS and FY2026 earnings at $7.67 EPS.

A number of other research firms also recently issued reports on HCC. Citigroup upgraded Warrior Met Coal from a neutral rating to a buy rating and boosted their price target for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. BMO Capital Markets boosted their price objective on Warrior Met Coal from $62.00 to $70.00 and gave the company a market perform rating in a research note on Thursday, May 2nd. Finally, Benchmark reiterated a hold rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal currently has a consensus rating of Moderate Buy and a consensus price target of $73.00.

Warrior Met Coal Stock Performance

NYSE:HCC traded down $2.81 during mid-day trading on Friday, reaching $62.06. The company’s stock had a trading volume of 1,281,373 shares, compared to its average volume of 721,437. Warrior Met Coal has a 12-month low of $38.01 and a 12-month high of $75.53. The firm’s fifty day moving average price is $67.45 and its two-hundred day moving average price is $63.82. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.25 billion, a P/E ratio of 7.46 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. Warrior Met Coal had a return on equity of 23.27% and a net margin of 25.01%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. On average, equities analysts forecast that Warrior Met Coal will post 7.36 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.52%. Warrior Met Coal’s payout ratio is 3.85%.

Insiders Place Their Bets

In other news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the sale, the chief executive officer now directly owns 340,485 shares in the company, valued at $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Warrior Met Coal

Hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Financial Formulas purchased a new stake in Warrior Met Coal during the 4th quarter valued at $25,000. GAMMA Investing LLC increased its stake in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the period. SYSTM Wealth Solutions LLC purchased a new stake in Warrior Met Coal in the first quarter worth $39,000. EntryPoint Capital LLC purchased a new stake in Warrior Met Coal in the first quarter worth $54,000. Finally, Quadrant Capital Group LLC increased its stake in Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.