Warrior Met Coal (HCC) Upgraded to “Strong-Buy” by Zacks Investment Research

Warrior Met Coal (NYSE:HCC) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports. The firm presently has a $32.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.78% from the company’s current price.

According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “

A number of other brokerages have also issued reports on HCC. BMO Capital Markets set a $40.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, May 2nd. ValuEngine upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Jefferies Financial Group set a $40.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. TheStreet upgraded shares of Warrior Met Coal from a “c” rating to a “b-” rating in a research report on Friday, April 12th. Finally, Deutsche Bank began coverage on shares of Warrior Met Coal in a research report on Sunday, March 31st. They set a “buy” rating and a $35.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Warrior Met Coal has an average rating of “Buy” and an average price target of $34.67.

HCC stock opened at $27.88 on Friday. The company has a market capitalization of $1.47 billion, a PE ratio of 3.22 and a beta of 0.51. Warrior Met Coal has a 12 month low of $20.88 and a 12 month high of $33.49. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.75 by $0.55. The business had revenue of $378.30 million for the quarter, compared to analyst estimates of $326.30 million. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.36 earnings per share. Equities analysts anticipate that Warrior Met Coal will post 5.6 EPS for the current fiscal year.

In other Warrior Met Coal news, COO Jack K. Richardson sold 17,919 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $33.00, for a total transaction of $591,327.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $28.83, for a total transaction of $288,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,215 shares of company stock worth $2,254,377. 0.59% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of HCC. Rhumbline Advisers raised its stake in shares of Warrior Met Coal by 47.4% in the 4th quarter. Rhumbline Advisers now owns 62,402 shares of the company’s stock valued at $1,505,000 after acquiring an additional 20,055 shares during the period. United Services Automobile Association raised its stake in shares of Warrior Met Coal by 21.5% in the 4th quarter. United Services Automobile Association now owns 57,821 shares of the company’s stock valued at $1,394,000 after acquiring an additional 10,242 shares during the period. Sciencast Management LP purchased a new position in shares of Warrior Met Coal in the 1st quarter valued at $227,000. Assenagon Asset Management S.A. purchased a new position in shares of Warrior Met Coal in the 4th quarter valued at $1,931,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Warrior Met Coal by 180.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,361,623 shares of the company’s stock valued at $36,818,000 after acquiring an additional 876,707 shares during the period.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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.

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