Warrior Met Coal Inc. (NYSE:HCC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $27.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.78% from the company’s current price.

According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada began coverage on shares of Warrior Met Coal in a report on Monday, May 15th. They set an “outperform” rating and a $25.00 target price on the stock. Clarkson Capital restated a “buy” rating and set a $33.00 price target on shares of Warrior Met Coal in a research report on Monday, May 8th. Citigroup Inc. initiated coverage on shares of Warrior Met Coal in a research report on Monday, May 15th. They set a “neutral” rating and a $20.00 price target for the company. MKM Partners initiated coverage on shares of Warrior Met Coal in a research report on Wednesday, July 12th. They set a “neutral” rating and a $18.00 price target for the company. Finally, Seaport Global Securities initiated coverage on shares of Warrior Met Coal in a research report on Wednesday, May 10th. They set a “buy” rating and a $21.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Warrior Met Coal presently has a consensus rating of “Buy” and an average price target of $23.40.

Shares of Warrior Met Coal (HCC) traded down 2.63% during mid-day trading on Thursday, hitting $23.73. 276,252 shares of the stock traded hands. The stock has a market cap of $1.27 billion and a P/E ratio of 5.32. The firm’s 50 day moving average price is $19.86 and its 200-day moving average price is $18.53. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $25.38.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.59. The business had revenue of $363.37 million for the quarter, compared to analyst estimates of $321.75 million. Analysts predict that Warrior Met Coal will post $4.08 earnings per share for the current year.

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In other news, Director Alan H. Schumacher purchased 3,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average price of $17.99 per share, for a total transaction of $53,970.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at $53,970. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new position in Warrior Met Coal during the second quarter valued at approximately $82,178,000. Jennison Associates LLC purchased a new position in Warrior Met Coal during the second quarter valued at approximately $18,081,000. Ameriprise Financial Inc. purchased a new position in Warrior Met Coal during the second quarter valued at approximately $15,188,000. Frontier Capital Management Co. LLC purchased a new position in Warrior Met Coal during the second quarter valued at approximately $10,990,000. Finally, JPMorgan Chase & Co. purchased a new position in Warrior Met Coal during the second quarter valued at approximately $6,250,000. Institutional investors and hedge funds own 0.79% of the company’s stock.

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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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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