Warrior Met Coal Inc. (NYSE:HCC) has been assigned a $26.00 price target by research analysts at FBR & Co in a report released on Wednesday. The firm presently has a “hold” rating on the stock. FBR & Co’s price target points to a potential upside of 8.83% from the stock’s current price. FBR & Co also issued estimates for Warrior Met Coal’s Q3 2017 earnings at $1.35 EPS, Q4 2017 earnings at $1.36 EPS, FY2017 earnings at $7.47 EPS, Q1 2018 earnings at $0.93 EPS, Q2 2018 earnings at $0.73 EPS and FY2018 earnings at $2.90 EPS.
A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Royal Bank Of Canada upped their price target on shares of Warrior Met Coal from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Morgan Stanley cut shares of Warrior Met Coal from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $27.00 to $17.00 in a report on Tuesday, June 27th. Macquarie started coverage on shares of Warrior Met Coal in a report on Thursday, September 7th. They issued an “underperform” rating and a $24.00 price target for the company. Finally, MKM Partners started coverage on shares of Warrior Met Coal in a report on Wednesday, July 12th. They issued a “neutral” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Warrior Met Coal has a consensus rating of “Hold” and a consensus target price of $25.82.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to analyst estimates of $321.75 million.
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Hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. acquired a new position in shares of Warrior Met Coal in the second quarter valued at about $131,000. The Manufacturers Life Insurance Company acquired a new stake in Warrior Met Coal during the second quarter worth about $219,000. Tudor Investment Corp ET AL acquired a new stake in Warrior Met Coal during the second quarter worth about $223,000. Royal Bank of Canada acquired a new stake in Warrior Met Coal during the second quarter worth about $228,000. Finally, GeoSphere Capital Management acquired a new stake in Warrior Met Coal during the second quarter worth about $260,000. Institutional investors and hedge funds own 97.25% of the company’s stock.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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