Warrior Met Coal (NYSE:HCC) PT Raised to $70.00 at BMO Capital Markets

Warrior Met Coal (NYSE:HCC) had its price objective raised by analysts at BMO Capital Markets from $62.00 to $70.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 2.06% from the company’s previous close.

Several other research analysts also recently commented on HCC. UBS Group started coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target for the company. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Finally, B. Riley lowered their price objective on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Warrior Met Coal Stock Performance

HCC traded up $0.69 on Thursday, hitting $68.59. The company’s stock had a trading volume of 219,813 shares, compared to its average volume of 824,659. The company’s 50 day simple moving average is $60.57 and its 200-day simple moving average is $58.41. The firm has a market cap of $3.59 billion, a P/E ratio of 7.33 and a beta of 1.05. Warrior Met Coal has a 12 month low of $31.97 and a 12 month high of $71.91. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. During the same period last year, the business posted $1.90 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts forecast that Warrior Met Coal will post 6.83 EPS for the current year.

Insider Activity

In related news, Director Alan H. Schumacher acquired 2,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average cost of $58.15 per share, with a total value of $116,300.00. Following the completion of the acquisition, the director now directly owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Warrior Met Coal in the third quarter worth $224,000. Raymond James & Associates purchased a new stake in shares of Warrior Met Coal in the third quarter worth $433,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Warrior Met Coal by 27.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,422 shares of the company’s stock worth $583,000 after purchasing an additional 2,428 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of Warrior Met Coal in the third quarter worth $383,000. Finally, Kendall Capital Management grew its stake in Warrior Met Coal by 27.6% during the third quarter. Kendall Capital Management now owns 13,865 shares of the company’s stock valued at $708,000 after acquiring an additional 3,000 shares in the last quarter. 92.28% of the stock is currently owned by 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.