Warrior Met Coal (NYSE:HCC) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Warrior Met Coal (NYSE:HCC) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $65.50.

Several brokerages recently weighed in on HCC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. B. Riley cut their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. UBS Group increased their target price on Warrior Met Coal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th.

Warrior Met Coal Trading Up 0.2%

Shares of Warrior Met Coal stock opened at $64.45 on Thursday. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The firm has a market cap of $3.39 billion, a PE ratio of 83.70 and a beta of 0.78. The business’s fifty day moving average is $62.05 and its two-hundred day moving average is $53.95. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.39. The business had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The business’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period last year, the company posted $1.35 EPS. Analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Institutional Trading of Warrior Met Coal

Several large investors have recently added to or reduced their stakes in HCC. L1 Capital Pty Ltd grew its stake in shares of Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after acquiring an additional 1,262,736 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after acquiring an additional 1,069,025 shares in the last quarter. State Street Corp grew its stake in Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after purchasing an additional 825,807 shares in the last quarter. Victory Capital Management Inc. grew its stake in Warrior Met Coal by 1,918.4% in the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company’s stock worth $32,474,000 after purchasing an additional 646,799 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock worth $112,697,000 after purchasing an additional 367,326 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.