Warrior Met Coal (NYSE:HCC) Price Target Cut to $76.00 by Analysts at B. Riley

Warrior Met Coal (NYSE:HCC) had its price objective dropped by stock analysts at B. Riley from $86.00 to $76.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price would suggest a potential upside of 60.65% from the stock’s previous close.

A number of other equities research analysts have also recently commented on HCC. Jefferies Financial Group cut their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th.

Warrior Met Coal Trading Up 8.1 %

NYSE:HCC opened at $47.31 on Friday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 9.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.53. The company’s 50-day simple moving average is $48.38 and its 200 day simple moving average is $56.74.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). The business had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

Several large investors have recently bought and sold shares of HCC. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal during the 4th quarter valued at about $43,000. GAMMA Investing LLC boosted its holdings in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after buying an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Warrior Met Coal by 818.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after buying an additional 1,456 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

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.