Warrior Met Coal, Inc. (NYSE:HCC) Receives $75.75 Average PT from Brokerages

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $73.60.

A number of equities analysts have issued reports on HCC shares. B. Riley lifted their price objective 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. Jefferies Financial Group cut their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. raised its position in shares of Warrior Met Coal by 193.9% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock valued at $93,357,000 after buying an additional 963,892 shares in the last quarter. Merewether Investment Management LP boosted its stake in shares of Warrior Met Coal by 441.9% during the third quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock valued at $50,692,000 after purchasing an additional 646,900 shares during the period. Wulff Hansen & CO. grew its holdings in shares of Warrior Met Coal by 6,177.0% in the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after purchasing an additional 326,269 shares during the last quarter. FMR LLC increased its stake in shares of Warrior Met Coal by 8.6% in the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after buying an additional 254,540 shares during the period. Finally, Forest Avenue Capital Management LP increased its stake in shares of Warrior Met Coal by 95.0% in the third quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company’s stock worth $26,298,000 after buying an additional 200,533 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $52.46 on Monday. The firm has a market capitalization of $2.74 billion, a PE ratio of 7.25 and a beta of 1.09. The firm has a fifty day simple moving average of $63.25 and a two-hundred day simple moving average of $62.64. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a 12 month low of $50.60 and a 12 month high of $75.53.

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 business had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. Warrior Met Coal’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 EPS. Analysts forecast that Warrior Met Coal will post 5.62 EPS for the current fiscal year.

Warrior Met Coal Company Profile

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.