B. Riley Raises Warrior Met Coal (NYSE:HCC) Price Target to $29.00

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Warrior Met Coal (NYSE:HCC) had its target price lifted by B. Riley from $25.00 to $29.00 in a research report report published on Wednesday, September 19th. B. Riley currently has a neutral rating on the stock.

A number of other brokerages have also 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 report on Wednesday, July 25th. Citigroup raised their price objective on shares of Warrior Met Coal from $25.87 to $33.00 and gave the company a buy rating in a research report on Wednesday, July 11th. Morgan Stanley raised their price objective on shares of Warrior Met Coal from $25.00 to $27.00 and gave the company an equal weight rating in a research report on Friday, June 29th. ValuEngine lowered shares of Warrior Met Coal from a hold rating to a sell rating in a research report on Monday, July 30th. Finally, Royal Bank of Canada set a $34.00 price objective on shares of Warrior Met Coal and gave the company a hold rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $30.44.

NYSE:HCC traded up $0.08 on Wednesday, reaching $27.89. 539,635 shares of the company’s stock were exchanged, compared to its average volume of 1,034,681. The company has a quick ratio of 2.02, a current ratio of 2.53 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $1.43 billion, a PE ratio of 3.53 and a beta of 0.49. Warrior Met Coal has a 52 week low of $18.56 and a 52 week high of $33.72.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. United Services Automobile Association purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $256,000. Northern Trust Corp raised its stake in Warrior Met Coal by 32.0% in the second quarter. Northern Trust Corp now owns 412,855 shares of the company’s stock valued at $11,382,000 after purchasing an additional 99,981 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Warrior Met Coal by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 466,406 shares of the company’s stock valued at $12,859,000 after purchasing an additional 66,524 shares in the last quarter. Jane Street Group LLC raised its stake in Warrior Met Coal by 24.7% in the second quarter. Jane Street Group LLC now owns 15,762 shares of the company’s stock valued at $435,000 after purchasing an additional 3,117 shares in the last quarter. Finally, Platinum Investment Management Ltd. purchased a new stake in Warrior Met Coal in the second quarter valued at approximately $1,348,000.

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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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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