Warrior Met Coal (NYSE:HCC) Stock Rating Lowered by Wall Street Zen

Warrior Met Coal (NYSE:HCC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, UBS Group set a $108.00 target price on Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $93.50.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $89.01 on Friday. The business’s 50 day simple moving average is $89.71 and its 200 day simple moving average is $73.14. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 132.85 and a beta of 0.65. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm had revenue of $328.59 million for the quarter, compared to analyst estimates of $302.51 million. During the same period in the previous year, the company posted $0.80 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Sell-side analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Insider Buying and Selling at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is owned by company insiders.

Institutional Trading of Warrior Met Coal

Large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its stake in Warrior Met Coal by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock valued at $1,060,000 after purchasing an additional 149 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Warrior Met Coal by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after buying an additional 168 shares during the last quarter. Arizona State Retirement System raised its position in shares of Warrior Met Coal by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock valued at $990,000 after buying an additional 213 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Warrior Met Coal by 3.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock worth $448,000 after acquiring an additional 216 shares during the last quarter. Finally, Old West Investment Management LLC grew its position in Warrior Met Coal by 0.4% in the third quarter. Old West Investment Management LLC now owns 79,491 shares of the company’s stock worth $5,059,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.