Jefferies Financial Group Has Lowered Expectations for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its target price cut by Jefferies Financial Group from $75.00 to $65.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 24.52% from the stock’s current price.

Separately, B. Riley boosted their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.60.

Warrior Met Coal Stock Down 2.3 %

Shares of HCC opened at $52.20 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The company has a 50-day simple moving average of $63.44 and a 200-day simple moving average of $62.71. Warrior Met Coal has a 52 week low of $50.60 and a 52 week high of $75.53. The firm has a market capitalization of $2.73 billion, a P/E ratio of 7.21 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter in the prior year, the firm posted $1.85 EPS. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, equities research analysts expect that Warrior Met Coal will post 5.62 earnings per share for the current year.

Institutional Trading of Warrior Met Coal

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after acquiring an additional 180 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Warrior Met Coal by 6.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock worth $245,000 after purchasing an additional 231 shares during the last quarter. Creative Planning increased its position in shares of Warrior Met Coal by 1.7% during the 3rd quarter. Creative Planning now owns 20,700 shares of the company’s stock worth $1,323,000 after purchasing an additional 338 shares in the last quarter. Arizona State Retirement System lifted its holdings in Warrior Met Coal by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 14,640 shares of the company’s stock valued at $919,000 after purchasing an additional 344 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after buying an additional 358 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.