Warrior Met Coal (NYSE:HCC) Price Target Cut to $98.00 by Analysts at UBS Group

Warrior Met Coal (NYSE:HCC) had its price target cut by analysts at UBS Group from $100.00 to $98.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 9.18% from the stock’s previous close.

HCC has been the subject of a number of other reports. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Wall Street Zen downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, B. Riley Financial raised their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Trading Up 6.5%

HCC traded up $5.46 during trading on Thursday, reaching $89.76. 563,726 shares of the company’s stock were exchanged, compared to its average volume of 875,499. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39. The firm has a fifty day moving average price of $87.03 and a two-hundred day moving average price of $88.13. The stock has a market capitalization of $4.74 billion, a PE ratio of 34.19 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, equities research analysts forecast that Warrior Met Coal will post 5.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in HCC. Bank of New York Mellon Corp purchased a new position in shares of Warrior Met Coal in the 2nd quarter worth about $31,201,000. GSA Capital Partners LLP bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $1,131,000. Summit Global Investments bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $325,000. Northstar Group Inc. purchased a new position in Warrior Met Coal in the second quarter valued at approximately $771,000. Finally, GAMMA Investing LLC grew its holdings in Warrior Met Coal by 9.9% during the second quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock valued at $208,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.