Warrior Met Coal (NYSE:HCC) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Monday, February 4th.
HCC has been the topic of several other reports. Zacks Investment Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, December 17th. MKM Partners raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a report on Thursday, November 8th. Finally, Citigroup raised their target price on shares of Warrior Met Coal from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, December 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Warrior Met Coal currently has an average rating of “Hold” and a consensus price target of $32.25.
Warrior Met Coal stock traded down $0.07 during midday trading on Monday, hitting $29.16. The company’s stock had a trading volume of 661,693 shares, compared to its average volume of 546,855. Warrior Met Coal has a 1-year low of $20.88 and a 1-year high of $32.31. The company has a quick ratio of 2.23, a current ratio of 2.73 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 3.36 and a beta of 0.62.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.22. Warrior Met Coal had a net margin of 50.56% and a return on equity of 108.82%. The business had revenue of $360.36 million during the quarter, compared to analysts’ expectations of $334.92 million. During the same quarter in the previous year, the company earned $1.83 EPS. The business’s revenue was up 50.3% on a year-over-year basis. On average, sell-side analysts anticipate that Warrior Met Coal will post 5.71 earnings per share for the current fiscal year.
In related news, CEO Walter J. Scheller sold 34,283 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.51% of the company’s stock.
Several institutional investors have recently made changes to their positions in HCC. BlackRock Inc. grew its holdings in shares of Warrior Met Coal by 34.8% during the 2nd quarter. BlackRock Inc. now owns 2,473,452 shares of the company’s stock valued at $68,194,000 after purchasing an additional 638,963 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Warrior Met Coal by 360.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 151,309 shares of the company’s stock worth $4,172,000 after buying an additional 118,446 shares during the period. Jane Street Group LLC boosted its position in Warrior Met Coal by 24.7% during the 2nd quarter. Jane Street Group LLC now owns 15,762 shares of the company’s stock worth $435,000 after buying an additional 3,117 shares during the period. Bank of New York Mellon Corp boosted its position in Warrior Met Coal by 16.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 466,406 shares of the company’s stock worth $12,859,000 after buying an additional 66,524 shares during the period. Finally, Northern Trust Corp boosted its position in Warrior Met Coal by 32.0% during the 2nd quarter. Northern Trust Corp now owns 412,855 shares of the company’s stock worth $11,382,000 after buying an additional 99,981 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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