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

Warrior Met Coal (NYSE:HCC) had its target price cut by Jefferies Financial Group from $75.00 to $65.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, B. Riley increased 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.60.

Warrior Met Coal Stock Down 2.2 %

HCC stock opened at $53.37 on Monday. The firm has a market capitalization of $2.79 billion, a PE ratio of 7.37 and a beta of 1.09. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a twelve month low of $50.60 and a twelve month high of $75.53. The stock’s 50 day moving average is $63.64 and its 200-day moving average is $62.78.

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

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Warrior Met Coal by 48.5% during 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. GAMMA Investing LLC increased its stake 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 worth $54,000 after purchasing an additional 358 shares during the last quarter. KBC Group NV increased its stake in shares of Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after purchasing an additional 392 shares during the last quarter. Malaga Cove Capital LLC bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $202,000. Finally, Mackenzie Financial Corp purchased a new position in Warrior Met Coal in the second quarter valued at approximately $203,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

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.