Warrior Met Coal (NYSE:HCC) Given New $90.00 Price Target at B. Riley

Warrior Met Coal (NYSE:HCC) had its target price increased by stock analysts at B. Riley from $89.00 to $90.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 41.93% from the stock’s previous close.

Separately, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Price Performance

Shares of NYSE HCC traded up $1.63 during midday trading on Thursday, reaching $63.41. 581,666 shares of the company traded hands, compared to its average volume of 760,057. The firm has a market cap of $3.32 billion, a PE ratio of 7.57 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. Warrior Met Coal has a 12 month low of $44.76 and a 12 month high of $75.53. The stock’s 50-day simple moving average is $59.42 and its 200-day simple moving average is $63.65.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The company had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The business’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. As a group, equities analysts anticipate that Warrior Met Coal will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the period. Blue Trust Inc. increased its stake in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after acquiring an additional 180 shares during the period. SummerHaven Investment Management LLC increased its stake in Warrior Met Coal by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock worth $1,213,000 after acquiring an additional 231 shares during the period. Evergreen Capital Management LLC increased its stake in Warrior Met Coal by 6.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock worth $245,000 after acquiring an additional 231 shares during the period. Finally, Sei Investments Co. increased its stake in Warrior Met Coal by 1.2% during the 1st quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after acquiring an additional 277 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

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.