Warrior Met Coal (NYSE:HCC) Upgraded at UBS Group

UBS Group upgraded shares of Warrior Met Coal (NYSE:HCC) from a hold rating to a buy rating in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has $108.00 target price on the stock, up from their previous target price of $100.00.

A number of other analysts have also weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Jefferies Financial Group lifted their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, BMO Capital Markets increased their target price on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $93.50.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $89.29 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 133.27 and a beta of 0.63. The firm’s 50 day simple moving average is $88.63 and its 200-day simple moving average is $72.01.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at $7,058,000. This represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares in the company, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 128,966 shares of company stock valued at $12,453,450. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in shares of Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after acquiring an additional 455 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the period. Jones Financial Companies Lllp boosted its stake in Warrior Met Coal by 4,337.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after purchasing an additional 694 shares during the period. Bayforest Capital Ltd purchased a new position in Warrior Met Coal during the 4th quarter worth $63,000. Finally, Aster Capital Management DIFC Ltd increased its stake in Warrior Met Coal by 919.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after purchasing an additional 846 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.