Warrior Met Coal (NYSE:HCC) Raised to “Strong-Buy” at Zacks Research

Warrior Met Coal (NYSE:HCC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on HCC. UBS Group reduced their price objective on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. B. Riley Financial upped their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.00.

Warrior Met Coal Price Performance

Shares of HCC opened at $81.31 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. Warrior Met Coal has a 1-year low of $43.43 and a 1-year high of $110.39. The stock has a market cap of $4.29 billion, a PE ratio of 31.04 and a beta of 0.62. The firm has a fifty day moving average price of $90.78 and a 200 day moving average price of $89.96.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, April 30th. The company reported $1.37 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 firm’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) EPS. As a group, sell-side analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current year.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new stake in shares of Warrior Met Coal in the first quarter valued at approximately $481,000. Bank of America Corp DE raised its position in Warrior Met Coal by 128.0% in the first quarter. Bank of America Corp DE now owns 265,254 shares of the company’s stock worth $24,708,000 after acquiring an additional 148,909 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Warrior Met Coal by 23.5% in the first quarter. California State Teachers Retirement System now owns 61,510 shares of the company’s stock valued at $5,730,000 after acquiring an additional 11,715 shares during the period. Royal Bank of Canada boosted its position in shares of Warrior Met Coal by 13.9% during the 1st quarter. Royal Bank of Canada now owns 49,026 shares of the company’s stock worth $4,566,000 after purchasing an additional 5,996 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Warrior Met Coal by 16.2% during the 1st quarter. Empowered Funds LLC now owns 27,993 shares of the company’s stock worth $2,608,000 after purchasing an additional 3,906 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.