Warrior Met Coal (NYSE:HCC) Earns Hold Rating from Benchmark

Warrior Met Coal (NYSE:HCC)‘s stock had its “hold” rating restated by research analysts at Benchmark in a research report issued on Friday,Benzinga reports.

Other research analysts have also issued research reports about the stock. B. Riley raised their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lowered their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.00.

Warrior Met Coal Trading Down 8.1 %

Shares of HCC stock opened at $49.69 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The firm has a market cap of $2.60 billion, a PE ratio of 6.86 and a beta of 1.07. The company has a 50-day moving average of $55.04 and a two-hundred day moving average of $59.82. Warrior Met Coal has a 1-year low of $49.33 and a 1-year high of $75.53.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. On average, analysts predict that Warrior Met Coal will post 5.3 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HCC. T. Rowe Price Investment Management Inc. lifted its stake in Warrior Met Coal by 272.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company’s stock worth $108,171,000 after acquiring an additional 1,458,279 shares during the last quarter. Dalal Street LLC raised its holdings in Warrior Met Coal by 144.1% during the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company’s stock worth $92,461,000 after purchasing an additional 1,006,263 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock worth $93,357,000 after purchasing an additional 963,892 shares in the last quarter. Merewether Investment Management LP raised its holdings in Warrior Met Coal by 441.9% during the third quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock worth $50,692,000 after purchasing an additional 646,900 shares in the last quarter. Finally, FMR LLC raised its holdings in Warrior Met Coal by 8.6% during the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after purchasing an additional 254,540 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.