Warrior Met Coal (NYSE:HCC) Raised to Hold at Wall Street Zen

Warrior Met Coal (NYSE:HCC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other research analysts also recently issued reports about the company. UBS Group lifted their target price on Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. B. Riley decreased their price target on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and an average price target of $65.50.

Warrior Met Coal Trading Down 3.0%

Shares of HCC stock opened at $63.59 on Friday. The business’s 50 day moving average is $60.71 and its two-hundred day moving average is $52.38. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The company has a market capitalization of $3.34 billion, a P/E ratio of 82.58 and a beta of 0.78. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The company had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same period last year, the business posted $1.35 EPS. The company’s revenue was down 25.0% on a year-over-year basis. Equities analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Institutional Trading of Warrior Met Coal

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after acquiring an additional 253 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Warrior Met Coal by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 11,639 shares of the company’s stock valued at $533,000 after buying an additional 289 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Warrior Met Coal by 4.4% in the second quarter. Teacher Retirement System of Texas now owns 7,980 shares of the company’s stock valued at $366,000 after buying an additional 333 shares in the last quarter. Covestor Ltd grew its stake in shares of Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after buying an additional 335 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Warrior Met Coal by 0.7% in the second quarter. California State Teachers Retirement System now owns 48,341 shares of the company’s stock valued at $2,215,000 after buying an additional 337 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.