Warrior Met Coal Inc (HCC) Given Average Recommendation of “Hold” by Analysts

Warrior Met Coal Inc (NYSE:HCC) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $34.13.

Several equities research analysts have recently issued reports on HCC shares. TheStreet raised shares of Warrior Met Coal from a “c” rating to a “b-” rating in a research note on Friday, April 12th. ValuEngine raised shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. Zacks Investment Research cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Friday, March 1st. B. Riley set a $33.00 price objective on shares of Warrior Met Coal and gave the stock a “hold” rating in a report on Tuesday, February 26th. Finally, Jefferies Financial Group assumed coverage on shares of Warrior Met Coal in a report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price objective on the stock.

In other Warrior Met Coal news, CEO Walter J. Scheller sold 34,283 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were 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. 0.59% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group bought a new position in Warrior Met Coal during the 3rd quarter worth $58,000. Tower Research Capital LLC TRC acquired a new stake in shares of Warrior Met Coal during the third quarter valued at about $173,000. Legal & General Group Plc boosted its stake in shares of Warrior Met Coal by 19.9% during the third quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock valued at $192,000 after purchasing an additional 1,176 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Warrior Met Coal during the third quarter valued at about $199,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Warrior Met Coal during the third quarter valued at about $222,000.

NYSE:HCC traded down $0.05 during trading hours on Wednesday, reaching $30.72. 809,736 shares of the stock were exchanged, compared to its average volume of 716,269. Warrior Met Coal has a twelve month low of $20.88 and a twelve month high of $32.06. The company has a quick ratio of 3.31, a current ratio of 3.77 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.58 billion, a P/E ratio of 3.54 and a beta of 0.56.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 21st. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.22. Warrior Met Coal had a return on equity of 92.83% and a net margin of 50.56%. The firm had revenue of $360.36 million during the quarter, compared to the consensus estimate of $334.92 million. During the same quarter in the prior year, the firm posted $1.83 EPS. The business’s revenue was up 50.3% on a year-over-year basis. As a group, analysts anticipate that Warrior Met Coal will post 5.61 earnings per share for the current fiscal year.

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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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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