Zacks Research Upgrades Warrior Met Coal (NYSE:HCC) to Hold

Warrior Met Coal (NYSE:HCC) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on HCC. Citigroup upped their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. UBS Group upped their price target on Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, March 27th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Finally, Jefferies Financial Group upped their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Warrior Met Coal Stock Performance

NYSE:HCC traded down $3.69 during trading on Monday, reaching $89.32. The company’s stock had a trading volume of 216,132 shares, compared to its average volume of 928,238. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 81.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. The firm has a 50 day moving average of $88.18 and a 200-day moving average of $82.08. Warrior Met Coal has a 12 month low of $40.50 and a 12 month high of $105.35.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Insider Transactions at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the sale, the insider directly owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal during the 4th quarter worth about $31,000. Parallel Advisors LLC lifted its holdings in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new stake in Warrior Met Coal during the 4th quarter worth about $37,000. Hantz Financial Services Inc. lifted its holdings in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.