Warrior Met Coal (NYSE:HCC) Price Target Cut to $65.00 by Analysts at Jefferies Financial Group

Warrior Met Coal (NYSE:HCC) had its price target decreased by Jefferies Financial Group from $75.00 to $65.00 in a report published on Monday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, B. Riley increased 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.60.

Warrior Met Coal Trading Up 0.2 %

Shares of NYSE HCC opened at $52.46 on Monday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 7.25 and a beta of 1.09. Warrior Met Coal has a 52 week low of $50.60 and a 52 week high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The business has a 50 day simple moving average of $63.25 and a 200 day simple moving average of $62.64.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period last year, the company earned $1.85 EPS. The firm’s revenue was down 22.6% on a year-over-year basis. On average, research analysts predict that Warrior Met Coal will post 5.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after acquiring an additional 180 shares during the period. Evergreen Capital Management LLC increased its position in shares of Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock worth $245,000 after acquiring an additional 231 shares during the period. Creative Planning increased its stake in shares of Warrior Met Coal by 1.7% during the third quarter. Creative Planning now owns 20,700 shares of the company’s stock worth $1,323,000 after buying an additional 338 shares during the period. Arizona State Retirement System raised its holdings in shares of Warrior Met Coal by 2.4% in the 2nd quarter. Arizona State Retirement System now owns 14,640 shares of the company’s stock valued at $919,000 after purchasing an additional 344 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the last quarter. Hedge funds and other 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.