B. Riley Lowers Warrior Met Coal (NYSE:HCC) Price Target to $87.00

Warrior Met Coal (NYSE:HCC) had its price objective decreased by research analysts at B. Riley from $89.00 to $87.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 27.58% from the stock’s current price.

A number of other research firms have also recently issued reports on HCC. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group initiated coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $68.19 on Monday. Warrior Met Coal has a twelve month low of $31.97 and a twelve month high of $69.97. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $58.63 and a two-hundred day moving average of $57.10. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 7.41 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The company had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. Warrior Met Coal’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. As a group, analysts expect that Warrior Met Coal will post 8.41 earnings per share for the current fiscal year.

Insider Transactions at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the acquisition, the director now owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HCC. USA Financial Formulas bought a new position in shares of Warrior Met Coal during the 4th quarter worth approximately $25,000. Millburn Ridgefield Corp acquired a new stake in Warrior Met Coal in the third quarter valued at $32,000. McGlone Suttner Wealth Management Inc. bought a new position in Warrior Met Coal during the 4th quarter worth $38,000. Lazard Asset Management LLC lifted its holdings in Warrior Met Coal by 117.7% during the 3rd quarter. Lazard Asset Management LLC now owns 899 shares of the company’s stock worth $45,000 after buying an additional 486 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after buying an additional 442 shares during the period. 92.28% of the stock is currently owned by institutional investors.

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.