Analysts Set Warrior Met Coal, Inc. (NYSE:HCC) Price Target at $75.75

Warrior Met Coal, Inc. (NYSE:HCC) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $73.60.

Several research analysts recently issued reports on HCC shares. B. Riley increased their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group dropped their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.

Warrior Met Coal Trading Down 3.6 %

NYSE HCC opened at $50.55 on Monday. The stock has a 50-day moving average of $62.75 and a 200-day moving average of $62.50. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a 1-year low of $50.40 and a 1-year high of $75.53. The firm has a market cap of $2.64 billion, a PE ratio of 6.98 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. The firm had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. As a group, sell-side analysts forecast that Warrior Met Coal will post 5.62 EPS for the current year.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Warrior Met Coal by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after acquiring an additional 83,331 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Warrior Met Coal by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after acquiring an additional 10,787 shares during the period. Franklin Resources Inc. increased its stake in shares of Warrior Met Coal by 3.6% in the 3rd quarter. Franklin Resources Inc. now owns 61,209 shares of the company’s stock worth $3,966,000 after purchasing an additional 2,114 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Warrior Met Coal in the 3rd quarter worth $1,858,000. Hedge funds and other institutional investors 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.