B. Riley Increases Warrior Met Coal (NYSE:HCC) Price Target to $92.00

Warrior Met Coal (NYSE:HCC) had its price objective raised by equities researchers at B. Riley from $91.00 to $92.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 48.24% from the stock’s previous close. B. Riley also issued estimates for Warrior Met Coal’s Q3 2024 earnings at $1.30 EPS, FY2024 earnings at $6.87 EPS, Q1 2025 earnings at $1.80 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.80 EPS, FY2025 earnings at $7.39 EPS, Q2 2026 earnings at $2.00 EPS and FY2026 earnings at $7.67 EPS.

Several other brokerages have also weighed in on HCC. BMO Capital Markets raised their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, July 1st. Finally, Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Warrior Met Coal Stock Down 4.3 %

Warrior Met Coal stock opened at $62.06 on Friday. The business has a 50 day simple moving average of $67.45 and a 200-day simple moving average of $63.84. Warrior Met Coal has a 12 month low of $38.01 and a 12 month high of $75.53. The stock has a market capitalization of $3.25 billion, a PE ratio of 7.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The firm had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. Warrior Met Coal had a net margin of 25.01% and a return on equity of 23.27%. Warrior Met Coal’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $1.63 earnings per share. On average, analysts anticipate that Warrior Met Coal will post 7.36 EPS for the current fiscal year.

Insider Activity

In other news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. New York State Teachers Retirement System grew its position in Warrior Met Coal by 4.2% in the 4th quarter. New York State Teachers Retirement System now owns 27,638 shares of the company’s stock worth $1,685,000 after purchasing an additional 1,104 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Warrior Met Coal by 6.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,940 shares of the company’s stock valued at $1,460,000 after acquiring an additional 1,471 shares during the period. Graham Capital Wealth Management LLC bought a new position in Warrior Met Coal during the fourth quarter valued at about $1,773,000. Louisiana State Employees Retirement System bought a new stake in shares of Warrior Met Coal in the 4th quarter worth approximately $1,585,000. Finally, Private Client Services LLC acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth approximately $851,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.