Citigroup Forecasts Strong Price Appreciation for Warrior Met Coal (NYSE:HCC) Stock

Warrior Met Coal (NYSE:HCC) had its price target upped by analysts at Citigroup from $80.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 10.27% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Jefferies Financial Group upped their target price on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. UBS Group boosted their price target on Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $102.60.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $90.68 on Wednesday. The company has a market capitalization of $4.79 billion, a PE ratio of 83.20 and a beta of 0.69. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $105.35. The firm has a fifty day simple moving average of $89.40 and a 200 day simple moving average of $78.70.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 29.1% compared to the same quarter last year. On average, sell-side analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction on 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 $29,509,496.73. This trade represents a 25.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction on Monday, January 12th. The stock was 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 approximately $7,058,000. This represents a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Warrior Met Coal by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after buying an additional 1,351 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Warrior Met Coal by 14.6% during the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock valued at $1,661,000 after buying an additional 4,441 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Warrior Met Coal during the second quarter worth about $207,000. Geode Capital Management LLC increased its position in shares of Warrior Met Coal by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after acquiring an additional 15,851 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Warrior Met Coal by 7.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,839 shares of the company’s stock worth $543,000 after acquiring an additional 799 shares during the last quarter. Institutional investors and hedge funds 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.