Warrior Met Coal (NYSE:HCC) Rating Reiterated by Benchmark

Warrior Met Coal (NYSE:HCC)‘s stock had its “hold” rating reaffirmed by investment analysts at Benchmark in a note issued to investors on Thursday, Benzinga reports.

HCC has been the topic of several other research reports. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price target for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. BMO Capital Markets increased their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday. UBS Group began coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target for the company. Finally, B. Riley dropped their price objective on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.80.

Warrior Met Coal Trading Up 1.3 %

Shares of HCC stock traded up $0.82 during mid-day trading on Thursday, hitting $66.23. The company’s stock had a trading volume of 621,682 shares, compared to its average volume of 793,044. The company has a market cap of $3.46 billion, a PE ratio of 7.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 6.86. The company’s fifty day simple moving average is $60.90 and its 200-day simple moving average is $58.58. Warrior Met Coal has a 52 week low of $31.97 and a 52 week high of $71.91.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The business had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. During the same quarter last year, the firm posted $3.57 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Warrior Met Coal will post 6.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Alan H. Schumacher acquired 2,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now owns 30,270 shares in the company, valued at approximately $1,760,200.50. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

About Warrior Met Coal

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.