Warrior Met Coal Inc. (NYSE:HCC) – Analysts at FBR & Co boosted their Q3 2017 earnings per share (EPS) estimates for Warrior Met Coal in a report issued on Wednesday. FBR & Co analyst L. Pipes now anticipates that the company will post earnings of $1.35 per share for the quarter, up from their previous forecast of $1.23. FBR & Co has a “Hold” rating and a $26.00 price target on the stock. FBR & Co also issued estimates for Warrior Met Coal’s Q2 2018 earnings at $0.73 EPS.
HCC has been the subject of a number of other reports. Macquarie started coverage on Warrior Met Coal in a research report on Thursday, September 7th. They issued an “underperform” rating and a $24.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 target price on shares of Warrior Met Coal in a research report on Wednesday, September 6th. Zacks Investment Research cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. MKM Partners reissued a “neutral” rating and issued a $21.00 target price (up from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. Finally, Citigroup Inc. upped their target price on Warrior Met Coal from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Warrior Met Coal presently has a consensus rating of “Hold” and an average price target of $25.82.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.59. The business had revenue of $363.37 million during the quarter, compared to analyst estimates of $321.75 million.
A number of institutional investors have recently bought and sold shares of the business. GeoSphere Capital Management acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $260,000. California State Teachers Retirement System acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $510,000. The Manufacturers Life Insurance Company acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $219,000. Caspian Capital LP acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $37,651,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $335,000. 97.25% of the stock is owned by institutional investors.
Warrior Met Coal Company Profile
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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