Warrior Met Coal (NYSE:HCC) Price Target Raised to $120.00

Warrior Met Coal (NYSE:HCC) had its price target hoisted by investment analysts at B. Riley Securities from $117.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Securities’ target price indicates a potential upside of 39.52% from the stock’s current price.

Several other brokerages also recently commented on HCC. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. UBS Group set a $108.00 price target on Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets increased their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research note on Friday. Finally, Wall Street Zen lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Warrior Met Coal currently has an average rating of “Hold” and a consensus target price of $98.80.

Warrior Met Coal Stock Performance

Shares of HCC opened at $86.01 on Friday. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.52 billion, a P/E ratio of 128.38 and a beta of 0.65. The business’s 50 day moving average price is $90.50 and its 200-day moving average price is $74.02. Warrior Met Coal has a 52 week low of $38.00 and a 52 week 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). Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The company had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $381.72 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. Equities research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer owned 294,183 shares in the company, valued at $29,509,496.73. This trade represents a 25.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 70,580 shares of the company’s stock, valued at $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently bought and sold shares of HCC. State Street Corp raised its stake in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares during the period. L1 Capital Pty Ltd raised its stake in Warrior Met Coal by 175.8% during the 2nd 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. boosted its position in shares of Warrior Met Coal by 1.2% in the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock worth $88,037,000 after purchasing an additional 23,698 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Warrior Met Coal by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after buying an additional 5,077 shares in the last quarter. 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.