Warrior Met Coal Inc. (HCC) Rating Reiterated by B. Riley
Warrior Met Coal Inc. (NYSE:HCC)‘s stock had its “hold” rating reaffirmed by analysts at B. Riley in a research note issued to investors on Friday. They currently have a $26.00 target price on the stock. B. Riley’s price objective points to a potential downside of 4.34% from the stock’s current price. B. Riley also issued estimates for Warrior Met Coal’s FY2017 earnings at $7.71 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.52 EPS and FY2019 earnings at $1.65 EPS.
HCC has been the subject of several other research reports. Zacks Investment Research lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Royal Bank Of Canada set a $27.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Tuesday, October 10th. MKM Partners reaffirmed a “neutral” rating and set a $21.00 target price (up previously from $18.00) on shares of Warrior Met Coal in a report on Thursday, August 24th. FBR & Co upped their target price on shares of Warrior Met Coal from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. Finally, Macquarie started coverage on shares of Warrior Met Coal in a report on Thursday, September 7th. They set an “underperform” rating and a $24.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $25.92.
Shares of Warrior Met Coal (NYSE HCC) traded up $1.23 during midday trading on Friday, reaching $27.18. 2,143,200 shares of the company traded hands, compared to its average volume of 1,120,537. Warrior Met Coal has a 12 month low of $15.10 and a 12 month high of $28.00.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.26 by $0.01. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. Warrior Met Coal’s revenue was up 489.8% on a year-over-year basis. analysts expect that Warrior Met Coal will post 7.49 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in HCC. First Mercantile Trust Co. acquired a new position in Warrior Met Coal in the second quarter valued at about $131,000. Quantbot Technologies LP acquired a new position in Warrior Met Coal in the third quarter valued at about $135,000. The Manufacturers Life Insurance Company acquired a new position in Warrior Met Coal in the second quarter valued at about $219,000. Tudor Investment Corp ET AL acquired a new position in Warrior Met Coal in the second quarter valued at about $223,000. Finally, Royal Bank of Canada acquired a new position in Warrior Met Coal in the second quarter valued at about $228,000. 98.22% of the stock is owned by hedge funds and other 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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