Warrior Met Coal (NYSE:HCC) Trading 6.3% Higher – What’s Next?

Warrior Met Coal, Inc. (NYSE:HCC)’s share price traded up 6.3% during trading on Monday . The company traded as high as $53.64 and last traded at $53.60. 676,240 shares were traded during mid-day trading, a decline of 10% from the average session volume of 752,989 shares. The stock had previously closed at $50.43.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group decreased 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 report on Monday, January 6th. B. Riley lifted their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.60.

Warrior Met Coal Trading Up 0.8 %

The company has a market cap of $2.82 billion, a price-to-earnings ratio of 7.44 and a beta of 1.09. 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’s fifty day moving average price is $62.23 and its 200-day moving average price is $62.38.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The company had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same quarter in the previous year, the company posted $1.85 earnings per share. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. On average, equities analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors have recently bought and sold shares of the stock. O Keefe Stevens Advisory Inc. lifted its holdings in Warrior Met Coal by 1.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 268,262 shares of the company’s stock worth $14,551,000 after purchasing an additional 2,685 shares during the period. FNY Investment Advisers LLC acquired a new stake in Warrior Met Coal in the fourth quarter worth about $43,000. GAMMA Investing LLC lifted 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 period. JPMorgan Chase & Co. lifted its holdings in Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after purchasing an additional 83,331 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock worth $19,062,000 after purchasing an additional 10,787 shares during the period. Institutional investors and hedge funds 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.