FBR & Co set a $26.00 price objective on Warrior Met Coal Inc. (NYSE:HCC) in a research note published on Wednesday morning. The brokerage currently has a hold rating on the stock. FBR & Co also issued estimates for Warrior Met Coal’s Q3 2017 earnings at $1.35 EPS and Q2 2018 earnings at $0.73 EPS.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Warrior Met Coal from a hold rating to a buy rating and set a $30.00 price target on the stock in a research report on Tuesday, September 5th. Royal Bank Of Canada reissued a buy rating and set a $25.00 price target on shares of Warrior Met Coal in a research report on Tuesday, June 13th. MKM Partners reissued a buy rating and set a $28.00 price target on shares of Warrior Met Coal in a research report on Tuesday, September 12th. Finally, Morgan Stanley downgraded Warrior Met Coal from an overweight rating to an equal weight rating and dropped their price target for the stock from $27.00 to $17.00 in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $25.82.
Shares of Warrior Met Coal (HCC) traded up 1.53% during trading on Wednesday, reaching $23.89. The company’s stock had a trading volume of 338,845 shares. The company has a 50-day moving average price of $24.87 and a 200-day moving average price of $20.71. Warrior Met Coal has a one year low of $15.10 and a one year high of $27.62. The stock has a market cap of $1.28 billion and a price-to-earnings ratio of 0.38.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to the consensus estimate of $321.75 million. On average, equities research analysts forecast that Warrior Met Coal will post $4.08 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. bought a new stake in Warrior Met Coal during the second quarter valued at about $131,000. The Manufacturers Life Insurance Company bought a new stake in Warrior Met Coal during the second quarter valued at about $219,000. Tudor Investment Corp ET AL bought a new stake in Warrior Met Coal during the second quarter valued at about $223,000. Royal Bank of Canada bought a new stake in Warrior Met Coal during the second quarter valued at about $228,000. Finally, Goldman Sachs Group Inc. bought a new stake in Warrior Met Coal during the second quarter valued at about $289,000. 97.25% of the stock is currently owned by institutional investors.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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