Warrior Met Coal (HCC) Upgraded at ValuEngine

ValuEngine upgraded shares of Warrior Met Coal (NYSE:HCC) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday.

Several other research firms have also recently weighed in on HCC. Zacks Investment Research upgraded shares of Warrior Met Coal from a hold rating to a buy rating and set a $31.00 target price for the company in a research note on Wednesday, July 25th. Citigroup increased their target price on shares of Warrior Met Coal from $25.87 to $33.00 and gave the company a buy rating in a research note on Wednesday, July 11th. Morgan Stanley increased their target price on shares of Warrior Met Coal from $25.00 to $27.00 and gave the company an equal weight rating in a research note on Friday, June 29th. B. Riley increased their target price on shares of Warrior Met Coal from $25.00 to $29.00 and gave the company a neutral rating in a research note on Wednesday, September 19th. Finally, Royal Bank of Canada set a $34.00 target price on shares of Warrior Met Coal and gave the company a hold rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $30.22.

NYSE HCC opened at $26.43 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.53 and a quick ratio of 2.02. Warrior Met Coal has a twelve month low of $18.56 and a twelve month high of $33.72. The stock has a market capitalization of $1.45 billion, a P/E ratio of 3.35 and a beta of 0.56.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 1st. The company reported $1.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.14). Warrior Met Coal had a net margin of 37.56% and a return on equity of 82.44%. The company had revenue of $322.56 million during the quarter, compared to the consensus estimate of $331.76 million. The company’s revenue was down 11.2% compared to the same quarter last year. sell-side analysts anticipate that Warrior Met Coal will post 7.87 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Hartree Partners LP acquired a new position in Warrior Met Coal in the second quarter worth about $3,226,000. Toronto Dominion Bank acquired a new stake in shares of Warrior Met Coal during the second quarter worth approximately $820,000. Iridian Asset Management LLC CT increased its holdings in shares of Warrior Met Coal by 6.2% during the second quarter. Iridian Asset Management LLC CT now owns 83,271 shares of the company’s stock worth $2,296,000 after buying an additional 4,874 shares in the last quarter. Mackay Shields LLC increased its holdings in shares of Warrior Met Coal by 18.9% during the second quarter. Mackay Shields LLC now owns 149,400 shares of the company’s stock worth $4,119,000 after buying an additional 23,700 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Warrior Met Coal by 2.9% during the second quarter. Boston Partners now owns 667,097 shares of the company’s stock worth $18,392,000 after buying an additional 18,845 shares in the last quarter.

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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