B. Riley Issues Pessimistic Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its target price dropped by research analysts at B. Riley from $90.00 to $86.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 73.04% from the stock’s previous close.

A number of other research firms have also recently commented on HCC. Jefferies Financial Group cut their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Trading Up 0.3 %

NYSE HCC traded up $0.14 during trading on Tuesday, hitting $49.70. The stock had a trading volume of 89,879 shares, compared to its average volume of 713,033. Warrior Met Coal has a one year low of $49.33 and a one year high of $75.53. The stock has a 50 day simple moving average of $54.77 and a 200 day simple moving average of $59.64. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 6.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. Sell-side analysts predict that Warrior Met Coal will post 5.3 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCC. Victory Capital Management Inc. boosted its stake in shares of Warrior Met Coal by 26.6% during the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after purchasing an additional 10,972 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after buying an additional 13,650 shares during the period. JPMorgan Chase & Co. lifted its holdings in Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after buying an additional 83,331 shares during the period. Citigroup Inc. boosted its position in Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after acquiring an additional 33,272 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Warrior Met Coal by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock worth $19,062,000 after acquiring an additional 10,787 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

About Warrior Met Coal

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.