Warrior Met Coal (NYSE:HCC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Warrior Met Coal (NYSE:HCC) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $103.00.

A number of equities research analysts have weighed in on HCC shares. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. UBS Group cut their target price on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial lifted their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Saturday, July 18th.

Warrior Met Coal Stock Down 1.4%

HCC stock opened at $79.95 on Friday. Warrior Met Coal has a one year low of $49.07 and a one year high of $110.39. The stock has a market capitalization of $4.22 billion, a PE ratio of 30.52 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. The company has a fifty day moving average of $88.09 and a 200-day moving average of $89.08.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company’s revenue was up 52.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) earnings per share. As a group, analysts expect that Warrior Met Coal will post 6.89 EPS for the current year.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its position in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares during the period. Parallel Advisors LLC grew its position in Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares during the period. IFP Advisors Inc purchased a new position in Warrior Met Coal in the fourth quarter valued at about $37,000. Finally, Bayforest Capital Ltd purchased a new position in Warrior Met Coal in the fourth quarter valued at about $63,000. 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.