Warrior Met Coal Inc. (HCC) Downgraded by Zacks Investment Research to Hold
Warrior Met Coal Inc. (NYSE:HCC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
Several other research firms have also recently commented on HCC. Macquarie began coverage on Warrior Met Coal in a report on Thursday, September 7th. They issued an “underperform” rating and a $24.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $27.00 price target on shares of Warrior Met Coal in a report on Wednesday, September 6th. MKM Partners reaffirmed a “neutral” rating and issued a $21.00 price target (up previously from $18.00) on shares of Warrior Met Coal in a report on Thursday, August 24th. Citigroup Inc. increased their price target on Warrior Met Coal from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, September 26th. Finally, Seaport Global Securities cut Warrior Met Coal from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.45.
Shares of Warrior Met Coal (NYSE HCC) traded up 1.02% during trading on Tuesday, hitting $27.60. The stock had a trading volume of 1,512,990 shares. The firm has a market cap of $1.48 billion and a price-to-earnings ratio of 0.44. The firm’s 50-day moving average is $24.55 and its 200 day moving average is $20.93. Warrior Met Coal has a 52-week low of $15.10 and a 52-week high of $27.91.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating the consensus estimate of $1.93 by $0.59. The company had revenue of $363.37 million during the quarter, compared to analyst estimates of $321.75 million. On average, analysts expect that Warrior Met Coal will post $4.08 EPS for the current year.
A number of institutional investors have recently modified their holdings of HCC. Skylands Capital LLC purchased a new position in Warrior Met Coal in the second quarter worth approximately $2,870,000. Gilder Gagnon Howe & Co. LLC purchased a new position in Warrior Met Coal in the second quarter worth approximately $4,256,000. Schwab Charles Investment Management Inc. purchased a new position in Warrior Met Coal in the second quarter worth approximately $1,074,000. First Mercantile Trust Co. purchased a new position in Warrior Met Coal in the second quarter worth approximately $131,000. Finally, Rhumbline Advisers purchased a new position in Warrior Met Coal in the second quarter worth approximately $343,000. Institutional investors own 97.95% of the company’s stock.
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.
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