B. Riley Lowers Warrior Met Coal (NYSE:HCC) Price Target to $76.00

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

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group lowered their price target 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. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th.

Warrior Met Coal Stock Up 8.1 %

HCC opened at $47.31 on Friday. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.53. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $48.38 and its 200-day moving average price is $56.74. The company has a market cap of $2.49 billion, a P/E ratio of 9.88 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. On average, equities analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal in the 4th quarter worth about $43,000. GAMMA Investing LLC raised its stake 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 buying an additional 358 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after buying an additional 279 shares during the period. Smartleaf Asset Management LLC boosted its position in 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 acquiring an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after acquiring an additional 1,456 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

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.