Warrior Met Coal LLC (HCC) Earns Buy Rating from Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Warrior Met Coal LLC (NYSE:HCC) in a research note published on Monday, May 8th. The firm issued a buy rating and a $24.00 price objective on the stock.

Other equities analysts also recently issued reports about the stock. FBR & Co started coverage on shares of Warrior Met Coal in a research note on Thursday, April 20th. They set a mkt perform rating and a $22.00 price objective for the company. 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. Credit Suisse Group AG started coverage on shares of Warrior Met Coal in a report on Monday, May 8th. They issued an outperform rating and a $26.00 target price on the stock. Royal Bank of Canada started coverage on shares of Warrior Met Coal in a report on Monday, May 8th. They issued an outperform rating and a $25.00 target price on the stock. Finally, 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 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Warrior Met Coal has a consensus rating of Buy and an average target price of $24.75.

Shares of Warrior Met Coal (NYSE:HCC) traded up 3.62% during mid-day trading on Monday, hitting $17.76. The company had a trading volume of 1,499,146 shares. The firm’s 50-day moving average price is $17.83 and its 200 day moving average price is $17.83. The company’s market capitalization is $67.03 million. Warrior Met Coal has a one year low of $16.67 and a one year high of $19.08.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, May 18th. The company reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.24. The business had revenue of $253.96 million for the quarter, compared to analyst estimates of $363.34 million. Analysts predict that Warrior Met Coal will post $4.08 earnings per share for the current fiscal year.

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

In other Warrior Met Coal news, major shareholder Apollo Management Holdings Gp, sold 5,932,545 shares of the stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $17.81, for a total transaction of $105,658,626.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 2,718,359 shares of the stock in a transaction that occurred on Thursday, April 13th. The stock was 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.

About Warrior Met Coal

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.

12 Month Chart for NYSE:HCC

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