Analysts Set Warrior Met Coal (NYSE:HCC) Price Target at $93.50

Warrior Met Coal (NYSE:HCC) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $93.50.

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Jefferies Financial Group lifted their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Finally, UBS Group set a $108.00 target price on shares of Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday.

Warrior Met Coal Stock Down 0.0%

Shares of NYSE:HCC opened at $89.27 on Friday. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $88.90 and a two-hundred day simple moving average of $72.43. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $105.35. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 133.24 and a beta of 0.65.

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

Insiders Place Their Bets

In related news, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the sale, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the firm’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 completion of the transaction, the insider directly owned 70,580 shares in the company, valued at $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,966 shares of company stock valued at $12,453,450. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in HCC. State Street Corp increased its holdings in Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares during the last quarter. L1 Capital Pty Ltd grew its position in shares of Warrior Met Coal by 175.8% during the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after acquiring an additional 1,262,736 shares during the period. American Century Companies Inc. grew its position in shares of Warrior Met Coal by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock valued at $88,037,000 after acquiring an additional 23,698 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Warrior Met Coal by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after purchasing an additional 5,077 shares during the period. Hedge funds and other 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.