Warrior Met Coal (NYSE:HCC) Stock Price Expected to Rise, UBS Group Analyst Says

Warrior Met Coal (NYSE:HCC) had its target price increased by equities researchers at UBS Group from $68.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential downside of 5.51% from the stock’s current price.

Several other analysts have also issued reports on the company. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday. Wall Street Zen upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. BMO Capital Markets increased their target price on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus target price of $71.50.

Warrior Met Coal Stock Up 20.2%

Shares of NYSE:HCC traded up $13.31 during mid-day trading on Thursday, hitting $79.37. 1,573,966 shares of the company traded hands, compared to its average volume of 944,987. The stock has a market cap of $4.17 billion, a P/E ratio of 103.92 and a beta of 0.75. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $81.80. The stock has a 50-day moving average price of $63.06 and a two-hundred day moving average price of $54.85.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The company had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Warrior Met Coal’s quarterly revenue was up .3% on a year-over-year basis. On average, equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Warrior Met Coal by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after buying an additional 168 shares during the last quarter. Arizona State Retirement System raised its holdings in Warrior Met Coal by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock worth $990,000 after purchasing an additional 213 shares during the period. Nisa Investment Advisors LLC raised its holdings in Warrior Met Coal by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock worth $448,000 after purchasing an additional 216 shares during the period. GAMMA Investing LLC raised its holdings in Warrior Met Coal by 23.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in Warrior Met Coal by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,639 shares of the company’s stock worth $533,000 after purchasing an additional 289 shares during the period. 92.28% of the stock is currently 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.