Warrior Met Coal, Inc. (NYSE:HCC) Given Average Recommendation of “Moderate Buy” by Brokerages

Warrior Met Coal, Inc. (NYSE:HCC) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $73.60.

A number of equities analysts have recently issued reports on HCC shares. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. B. Riley raised their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Warrior Met Coal by 26.6% during the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after acquiring an additional 10,972 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Warrior Met Coal by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Warrior Met Coal by 61.4% in the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after purchasing an additional 33,272 shares during the period. JPMorgan Chase & Co. raised its position in shares of Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after buying an additional 83,331 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Warrior Met Coal by 4.3% during the third quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock valued at $13,781,000 after buying an additional 8,802 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $50.55 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. Warrior Met Coal has a 52 week low of $50.40 and a 52 week high of $75.53. The stock has a market capitalization of $2.64 billion, a P/E ratio of 6.98 and a beta of 1.09. The stock has a fifty day moving average of $63.04 and a 200-day moving average of $62.57.

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

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.