Brokerages Set Warrior Met Coal, Inc. (NYSE:HCC) PT at $75.75

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

HCC has been the topic of several recent research reports. Jefferies Financial Group reduced their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. B. Riley raised their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $50.55 on Monday. The stock’s fifty day simple moving average is $63.04 and its 200 day simple moving average is $62.57. Warrior Met Coal has a one year low of $50.40 and a one year high of $75.53. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 6.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67.

Warrior Met Coal (NYSE:HCC) last announced 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 return on equity of 19.00% and a net margin of 23.77%. The business had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. During the same period in the previous year, the business earned $1.85 EPS. Warrior Met Coal’s revenue was down 22.6% compared to the same quarter last year. On average, analysts expect that Warrior Met Coal will post 5.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

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

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.