Warrior Met Coal (NYSE:HCC) Stock Price Target Cut by UBS Group

Warrior Met Coal (NYSE:HCC) had its price target reduced by equities researchers at UBS Group from $102.00 to $97.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group‘s target price suggests a potential upside of 20.71% from the stock’s current price.

Several other equities research analysts have also weighed in on HCC. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. B. Riley Financial cut their price objective on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, October 29th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.80.

Warrior Met Coal Stock Performance

Shares of HCC opened at $80.36 on Thursday. The company has a 50-day simple moving average of $91.99 and a two-hundred day simple moving average of $89.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The firm has a market capitalization of $4.24 billion, a PE ratio of 18.30 and a beta of 0.75. Warrior Met Coal has a one year low of $71.79 and a one year high of $111.42.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.62). Warrior Met Coal had a return on equity of 10.49% and a net margin of 12.47%. The firm had revenue of $507.93 million for the quarter, compared to analysts’ expectations of $505.84 million. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 54.6% on a year-over-year basis. On average, analysts anticipate that Warrior Met Coal will post 6.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares of the company’s stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 104,800 shares of company stock valued at $11,250,304. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently made changes to their positions in HCC. BlackRock Inc. purchased a new stake in Warrior Met Coal during the 2nd quarter valued at $606,503,000. Renaissance Technologies LLC boosted its stake in shares of Warrior Met Coal by 22.6% in the 1st quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after buying an additional 149,600 shares during the last quarter. Goehring & Rozencwajg Associates LLC purchased a new position in shares of Warrior Met Coal in the 1st quarter worth $55,714,000. Bank of New York Mellon Corp purchased a new position in shares of Warrior Met Coal in the 2nd quarter worth $31,201,000. Finally, O Keefe Stevens Advisory Inc. grew its holdings in shares of Warrior Met Coal by 1.0% in the third quarter. O Keefe Stevens Advisory Inc. now owns 293,482 shares of the company’s stock worth $25,847,000 after acquiring an additional 2,913 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.