By David Steele

November 12, 2017 - Warrior Met Coal Inc. (NYSE:HCC) posted its quarterly earnings results on Thursday. The company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.01, Bloomberg Earnings reports. The business had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. Warrior Met Coal’s quarterly revenue was up 489.8% compared to the same quarter last year.

Warrior Met Coal (NYSE:HCC) opened at $27.18 on Friday. Warrior Met Coal has a 52 week low of $15.10 and a 52 week high of $28.00.

The company also recently announced a special dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be paid a dividend of $11.21 per share. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from Warrior Met Coal’s previous special dividend of $0.05. This represents a yield of 0.75%.

Several research firms have recently weighed in on HCC. Zacks Investment Research downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Macquarie began coverage on shares of Warrior Met Coal in a research note on Thursday, September 7th. They issued an “underperform” rating and a $24.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price target on shares of Warrior Met Coal in a research note on Wednesday, September 6th. B. Riley reissued a “neutral” rating on shares of Warrior Met Coal in a research note on Wednesday, November 1st. Finally, MKM Partners reissued a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Warrior Met Coal in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Warrior Met Coal currently has a consensus rating of “Hold” and a consensus price target of $25.92.

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.