Citigroup Forecasts Strong Price Appreciation for Warrior Met Coal (NYSE:HCC) Stock

Warrior Met Coal (NYSE:HCC) had its target price increased by equities research analysts at Citigroup from $80.00 to $100.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 15.53% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group raised their target price on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Finally, UBS Group boosted their price objective on Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.60.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock traded up $0.36 during midday trading on Wednesday, hitting $86.56. The company had a trading volume of 70,937 shares, compared to its average volume of 955,209. The company has a fifty day simple moving average of $89.57 and a 200 day simple moving average of $78.56. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 79.33 and a beta of 0.69. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $105.35.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). The company had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. As a group, analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. The trade was a 25.37% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. State Street Corp grew its stake in Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the period. L1 Capital Pty Ltd raised its position in Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after acquiring an additional 1,262,736 shares during the period. American Century Companies Inc. lifted its holdings in Warrior Met Coal by 1.2% during the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock valued at $88,037,000 after purchasing an additional 23,698 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Warrior Met Coal by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after purchasing an additional 5,077 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

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.