Warrior Met Coal (HCC) Upgraded to “Buy” at ValuEngine

Warrior Met Coal (NYSE:HCC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other research firms have also recently issued reports on HCC. Zacks Investment Research cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Monday, November 27th. MKM Partners reiterated a “buy” rating and set a $28.00 price objective on shares of Warrior Met Coal in a research report on Tuesday, September 12th. B. Riley reiterated a “hold” rating and set a $26.00 price objective on shares of Warrior Met Coal in a research report on Friday, November 10th. Citigroup upped their price objective on shares of Warrior Met Coal from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Warrior Met Coal from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.92.

Warrior Met Coal (NYSE HCC) traded up $0.21 during mid-day trading on Friday, reaching $22.43. 1,180,000 shares of the company were exchanged, compared to its average volume of 1,171,625. Warrior Met Coal has a twelve month low of $15.10 and a twelve month high of $30.49.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, November 9th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.01. The business had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. Warrior Met Coal’s quarterly revenue was up 489.8% on a year-over-year basis. analysts anticipate that Warrior Met Coal will post 7.86 earnings per share for the current year.

In other Warrior Met Coal news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen D. Williams sold 18,742 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total transaction of $524,776.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $560,000. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Apollo Management Holdings L.P. bought a new stake in shares of Warrior Met Coal in the 2nd quarter valued at $173,185,000. Franklin Resources Inc. bought a new stake in shares of Warrior Met Coal in the 2nd quarter valued at $82,178,000. Caspian Capital LP bought a new stake in shares of Warrior Met Coal in the 2nd quarter valued at $37,651,000. Capital World Investors bought a new stake in shares of Warrior Met Coal in the 2nd quarter valued at $25,953,000. Finally, Impala Asset Management LLC boosted its stake in shares of Warrior Met Coal by 5.7% in the 3rd quarter. Impala Asset Management LLC now owns 1,332,687 shares of the company’s stock valued at $31,411,000 after purchasing an additional 72,327 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/03/warrior-met-coal-hcc-upgraded-to-buy-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

Receive News & Ratings for Warrior Met Coal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply