Warrior Met Coal (NYSE:HCC) Price Target Raised to $91.00 at B. Riley

Warrior Met Coal (NYSE:HCC) had its price objective lifted by investment analysts at B. Riley from $87.00 to $91.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 37.25% from the stock’s previous close.

Several other research firms have also commented on HCC. BMO Capital Markets upped their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group assumed coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Thursday. Finally, Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded down $1.60 during midday trading on Thursday, hitting $66.30. The company’s stock had a trading volume of 541,656 shares, compared to its average volume of 828,552. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. Warrior Met Coal has a 1-year low of $31.97 and a 1-year high of $71.91. The firm’s fifty day moving average price is $60.57 and its 200-day moving average price is $58.41. The firm has a market cap of $3.47 billion, a P/E ratio of 7.12 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $3.57 EPS. On average, sell-side analysts forecast that Warrior Met Coal will post 6.83 EPS for the current fiscal year.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher acquired 2,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently modified their holdings of HCC. USA Financial Formulas acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at $25,000. Millburn Ridgefield Corp acquired a new position in shares of Warrior Met Coal in the third quarter worth about $32,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Warrior Met Coal in the fourth quarter worth approximately $38,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Warrior Met Coal during the first quarter valued at approximately $39,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.