Warrior Met Coal (NYSE:HCC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday. The firm currently has a $31.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.71% from the stock’s current price.
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. “
A number of other research analysts also recently commented on the stock. ValuEngine downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. B. Riley reissued a “hold” rating and issued a $26.00 price objective on shares of Warrior Met Coal in a research note on Friday, November 10th. FBR & Co set a $26.00 price objective on shares of Warrior Met Coal and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Seaport Global Securities downgraded shares of Warrior Met Coal from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group raised their price objective on shares of Warrior Met Coal from $18.75 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.67.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The firm had revenue of $312.00 million during the quarter, compared to the consensus estimate of $301.89 million. The company’s revenue was up 489.8% on a year-over-year basis. equities research analysts predict that Warrior Met Coal will post 8 EPS for the current year.
In other news, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction that occurred on Tuesday, November 14th. The shares were 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 of the company’s stock, valued at approximately $560,000. The disclosure for this sale can be found here.
Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Warrior Met Coal during the third quarter valued at approximately $135,000. First Mercantile Trust Co. bought a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $131,000. UBS Asset Management Americas Inc. bought a new stake in shares of Warrior Met Coal during the fourth quarter valued at approximately $206,000. Invictus RG bought a new stake in shares of Warrior Met Coal during the third quarter valued at approximately $257,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Warrior Met Coal during the fourth quarter valued at approximately $286,000. 99.05% of the stock is owned by hedge funds and other institutional investors.
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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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