Warrior Met Coal Inc (NYSE:HCC) Receives $22.20 Consensus PT from Analysts

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Shares of Warrior Met Coal Inc (NYSE:HCC) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.20.

A number of analysts recently issued reports on the company. ValuEngine downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Wednesday, September 9th.

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Warrior Met Coal by 47.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,903 shares of the company’s stock valued at $51,000 after purchasing an additional 1,578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Warrior Met Coal by 137.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,088 shares of the company’s stock valued at $54,000 after purchasing an additional 2,943 shares during the last quarter. Bank of Montreal Can grew its stake in Warrior Met Coal by 1,066.9% in the second quarter. Bank of Montreal Can now owns 4,971 shares of the company’s stock valued at $74,000 after purchasing an additional 4,545 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Warrior Met Coal by 204.7% in the first quarter. Tower Research Capital LLC TRC now owns 7,182 shares of the company’s stock valued at $76,000 after purchasing an additional 4,825 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Warrior Met Coal in the first quarter valued at about $103,000.

HCC traded down $0.89 during trading on Wednesday, reaching $17.42. 474,148 shares of the company traded hands, compared to its average volume of 898,480. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.79 and a current ratio of 3.96. The company has a market cap of $891.66 million, a P/E ratio of 12.05 and a beta of 1.22. Warrior Met Coal has a 12-month low of $9.46 and a 12-month high of $23.73. The firm has a fifty day simple moving average of $16.46 and a 200 day simple moving average of $14.60.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The firm had revenue of $163.70 million for the quarter, compared to the consensus estimate of $153.79 million. Warrior Met Coal had a net margin of 8.85% and a return on equity of 8.22%. The firm’s revenue was down 58.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.16 earnings per share. As a group, sell-side analysts expect that Warrior Met Coal will post 1.54 earnings per share for the current fiscal year.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports 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.

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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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