Warrior Met Coal (NYSE:HCC) Trading 6.3% Higher – Still a Buy?

Shares of Warrior Met Coal, Inc. (NYSE:HCC) were up 6.3% during mid-day trading on Monday . The company traded as high as $53.64 and last traded at $53.60. Approximately 676,240 shares were traded during trading, a decline of 10% from the average daily volume of 752,989 shares. The stock had previously closed at $50.43.

Analyst Upgrades and Downgrades

A number of research firms have commented on HCC. Jefferies Financial Group reduced their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. B. Riley upped their target price on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.60.

Warrior Met Coal Stock Performance

The stock’s 50 day simple moving average is $62.75 and its two-hundred day simple moving average is $62.50. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.81 billion, a PE ratio of 7.43 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (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 return on equity of 19.00% and a net margin of 23.77%. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new stake in shares of Warrior Met Coal in the 4th quarter worth approximately $43,000. GAMMA Investing LLC increased its position 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 during the period. JPMorgan Chase & Co. raised its stake in shares of Warrior Met Coal by 14.2% in the 3rd 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. Principal Financial Group Inc. lifted its holdings in shares of Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after buying an additional 10,787 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Warrior Met Coal by 3.6% during the third quarter. Franklin Resources Inc. now owns 61,209 shares of the company’s stock valued at $3,966,000 after buying an additional 2,114 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

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.