Warrior Met Coal (NYSE:HCC) Stock Price Target Lowered at B. Riley Financial

Warrior Met Coal (NYSE:HCC) had its price target dropped by B. Riley Financial from $123.00 to $122.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial‘s price objective would indicate a potential upside of 41.71% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Finally, UBS Group boosted their target price on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.33.

Warrior Met Coal Trading Up 0.3%

NYSE:HCC traded up $0.29 during trading hours on Monday, hitting $86.09. The company had a trading volume of 44,693 shares, compared to its average volume of 799,478. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $95.62 and a 200 day moving average of $90.61. The company has a market cap of $4.55 billion, a P/E ratio of 20.69 and a beta of 0.72. Warrior Met Coal has a 1 year low of $62.24 and a 1 year high of $111.42.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The business had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 71.3% on a year-over-year basis. Sell-side analysts expect that Warrior Met Coal will post 6.71 earnings per share for the current year.

Insider Activity

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Warrior Met Coal during the second quarter worth $31,000. Meeder Asset Management Inc. purchased a new position in shares of Warrior Met Coal during the second quarter worth $37,000. Allworth Financial LP purchased a new position in shares of Warrior Met Coal during the second quarter worth $39,000. Nykredit A S acquired a new stake in shares of Warrior Met Coal in the second quarter valued at $50,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Warrior Met Coal in the second quarter valued at $68,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.