Warrior Met Coal Inc. (NYSE:HCC) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.40.
HCC has been the subject of a number of recent analyst reports. Morgan Stanley lowered Warrior Met Coal from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $27.00 to $17.00 in a report on Tuesday, June 27th. Zacks Investment Research lowered Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. MKM Partners initiated coverage on Warrior Met Coal in a report on Wednesday, July 12th. They set a “neutral” rating and a $18.00 target price for the company. FBR & Co lifted their target price on Warrior Met Coal from $20.00 to $21.00 and gave the company a “mkt perform” rating in a report on Friday, July 21st. Finally, Royal Bank Of Canada lifted their target price on Warrior Met Coal from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 4th.
Warrior Met Coal (HCC) traded up 1.53% during midday trading on Friday, reaching $23.89. 338,845 shares of the company traded hands. Warrior Met Coal has a one year low of $15.10 and a one year high of $27.62. The firm has a 50-day moving average price of $24.81 and a 200-day moving average price of $20.74. The firm has a market capitalization of $1.28 billion and a price-to-earnings ratio of 0.38.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.59. The company had revenue of $363.37 million for the quarter, compared to analysts’ expectations of $321.75 million. Equities analysts predict that Warrior Met Coal will post $4.08 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of HCC. First Mercantile Trust Co. purchased a new position in shares of Warrior Met Coal during the second quarter worth about $131,000. The Manufacturers Life Insurance Company purchased a new position in shares of Warrior Met Coal during the second quarter worth about $219,000. Tudor Investment Corp ET AL purchased a new position in shares of Warrior Met Coal during the second quarter worth about $223,000. Royal Bank of Canada purchased a new position in shares of Warrior Met Coal during the second quarter worth about $228,000. Finally, GeoSphere Capital Management purchased a new position in shares of Warrior Met Coal during the second quarter worth about $260,000. 97.25% of the stock is owned by institutional investors.
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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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