Jefferies Financial Group Lowers Warrior Met Coal (NYSE:HCC) Price Target to $65.00

Warrior Met Coal (NYSE:HCC) had its target price decreased by stock analysts at Jefferies Financial Group from $75.00 to $65.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 24.52% from the stock’s previous close.

Separately, B. Riley lifted their price target on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.60.

Warrior Met Coal Stock Down 2.3 %

Shares of Warrior Met Coal stock opened at $52.20 on Monday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 7.21 and a beta of 1.09. Warrior Met Coal has a twelve month low of $50.60 and a twelve month high of $75.53. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $63.44 and its 200-day simple moving average is $62.71.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter in the prior year, the firm earned $1.85 EPS. Warrior Met Coal’s quarterly revenue was down 22.6% on a year-over-year basis. Equities research analysts forecast that Warrior Met Coal will post 5.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HCC. Blue Trust Inc. increased its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after buying an additional 180 shares during the last quarter. Evergreen Capital Management LLC grew its position in Warrior Met Coal by 6.3% in the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock worth $245,000 after acquiring an additional 231 shares in the last quarter. Creative Planning increased its stake in shares of Warrior Met Coal by 1.7% during the 3rd quarter. Creative Planning now owns 20,700 shares of the company’s stock worth $1,323,000 after purchasing an additional 338 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Warrior Met Coal by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 14,640 shares of the company’s stock worth $919,000 after purchasing an additional 344 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after purchasing an additional 358 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.