Warrior Met Coal’s (HCC) “Buy” Rating Reaffirmed at Clarkson Capital

Warrior Met Coal LLC (NYSE:HCC)‘s stock had its “buy” rating reaffirmed by stock analysts at Clarkson Capital in a research report issued on Monday, May 8th. They presently have a $33.00 price target on the stock. Clarkson Capital’s price objective would indicate a potential upside of 92.53% from the stock’s current price.

HCC has been the topic of several other research reports. Morgan Stanley started coverage on shares of Warrior Met Coal in a report on Monday, May 8th. They issued an “overweight” rating and a $27.00 target price on the stock. Citigroup Inc started coverage on shares of Warrior Met Coal in a report on Monday, May 8th. They issued a “neutral” rating and a $20.00 target price on the stock. BMO Capital Markets began coverage on shares of Warrior Met Coal in a report on Monday, May 8th. They issued a “buy” rating and a $24.00 target price on the stock. Credit Suisse Group AG began coverage on shares of Warrior Met Coal in a research report on Monday, May 8th. They issued an “outperform” rating and a $26.00 price target on the stock. Finally, Royal Bank of Canada began coverage on shares of Warrior Met Coal in a research report on Monday, May 8th. They issued an “outperform” rating and a $25.00 price target on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $24.75.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

Warrior Met Coal (NYSE:HCC) traded up 3.62% during trading on Monday, reaching $17.76. 1,499,146 shares of the company’s stock were exchanged. The company’s 50-day moving average is $17.84 and its 200-day moving average is $17.84. Warrior Met Coal has a 1-year low of $16.67 and a 1-year high of $19.08. The company’s market capitalization is $67.03 million.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, May 18th. The company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.98 by $0.24. The firm had revenue of $253.96 million during the quarter, compared to the consensus estimate of $363.34 million. Equities research analysts expect that Warrior Met Coal will post $4.08 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 30th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 25th.

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In other Warrior Met Coal news, major shareholder Apollo Management Holdings Gp, sold 5,932,545 shares of the business’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $17.81, for a total value of $105,658,626.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Franklin Mutual Advisers Llc sold 2,718,359 shares of the business’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $17.81, for a total transaction of $48,413,973.79. The disclosure for this sale can be found here.

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.

5 Day Chart for NYSE:HCC

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