Warrior Met Coal (NYSE:HCC) Receives $103.00 Average Target Price from Analysts

Shares of Warrior Met Coal (NYSE:HCC) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $103.00.

A number of research analysts have commented on the stock. Weiss Ratings downgraded shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Wall Street Zen downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Finally, B. Riley Financial upped their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $80.65 on Friday. The firm has a market cap of $4.26 billion, a P/E ratio of 30.78 and a beta of 0.65. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12 month low of $49.07 and a 12 month high of $110.39. The stock’s fifty day moving average price is $87.99 and its 200-day moving average price is $89.01.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. The business’s revenue was up 52.9% compared to the same quarter last year. On average, equities research analysts expect that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Warrior Met Coal in the 4th quarter valued at about $37,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $63,000. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.