By Renee Jackson

May 21, 2017 - Warrior Met Coal’s (NYSE:HCC) quiet period will expire on Tuesday, May 23rd. Warrior Met Coal had issued 16,666,667 shares in its initial public offering on April 13th. The total size of the offering was $316,666,673 based on an initial share price of $19.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several analysts have issued reports on HCC shares. FBR & Co started coverage on Warrior Met Coal in a research report on Thursday, April 20th. They set a “mkt perform” rating and a $22.00 target price on the stock. Royal Bank of Canada initiated coverage on Warrior Met Coal in a research report on Monday, May 8th. They set an “outperform” rating and a $25.00 target price on the stock. Credit Suisse Group AG initiated coverage on Warrior Met Coal in a report on Monday, May 8th. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup Inc started coverage on Warrior Met Coal in a report on Monday, May 8th. They set a “neutral” rating and a $20.00 price objective for the company. Finally, Morgan Stanley started coverage on Warrior Met Coal in a research note on Monday, May 8th. They issued an “overweight” rating and a $27.00 target price for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.75.

Warrior Met Coal (NYSE:HCC) opened at 17.76 on Friday. The company has a 50-day moving average price of $17.83 and a 200-day moving average price of $17.83. Warrior Met Coal has a 52 week low of $16.67 and a 52 week high of $19.08. The stock’s market cap is $67.03 million.

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

The business also recently disclosed a special dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Tuesday, May 30th will be paid a $0.05 dividend. 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 company’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $17.81, for a total value of $105,658,626.45. Also, Director Franklin Mutual Advisers Llc sold 2,718,359 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $17.81, for a total transaction of $48,413,973.79.