Warrior Met Coal, Inc. (NYSE:HCC) Given Average Recommendation of “Moderate Buy” by Analysts

Warrior Met Coal, Inc. (NYSE:HCC) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $73.60.

Several brokerages have recently commented on HCC. B. Riley boosted their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently made changes to their positions in the company. Maple Rock Capital Partners Inc. raised its stake in Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock valued at $93,357,000 after purchasing an additional 963,892 shares in the last quarter. Merewether Investment Management LP increased its holdings in shares of Warrior Met Coal by 441.9% in the 3rd quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock worth $50,692,000 after buying an additional 646,900 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Warrior Met Coal by 6,177.0% during the 2nd quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock valued at $20,811,000 after buying an additional 326,269 shares in the last quarter. FMR LLC lifted its holdings in shares of Warrior Met Coal by 8.6% in the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company’s stock valued at $205,153,000 after acquiring an additional 254,540 shares during the last quarter. Finally, Forest Avenue Capital Management LP grew its position in Warrior Met Coal by 95.0% in the third quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company’s stock worth $26,298,000 after acquiring an additional 200,533 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

NYSE HCC opened at $50.55 on Monday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. Warrior Met Coal has a 12 month low of $50.40 and a 12 month high of $75.53. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 6.98 and a beta of 1.09. The company’s 50 day moving average is $62.75 and its two-hundred day moving average is $62.50.

Warrior Met Coal (NYSE:HCC) last announced 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. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. During the same period in the prior year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal will post 5.62 earnings per share for the current year.

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.