Warrior Met Coal (NYSE:HCC) Given New $123.00 Price Target at B. Riley Financial

Warrior Met Coal (NYSE:HCC) had its price target raised by investment analysts at B. Riley Financial from $117.00 to $123.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s price objective would suggest a potential upside of 28.00% from the stock’s previous close.

HCC has been the subject of a number of other reports. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. UBS Group lowered their price target on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.40.

Warrior Met Coal Stock Up 1.5%

Shares of NYSE HCC traded up $1.42 during midday trading on Wednesday, hitting $96.09. 169,316 shares of the stock traded hands, compared to its average volume of 929,255. The company has a market cap of $5.07 billion, a PE ratio of 36.74 and a beta of 0.62. Warrior Met Coal has a one year low of $40.80 and a one year high of $110.39. The business has a 50 day moving average price of $91.07 and a two-hundred day moving average price of $88.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company’s revenue was up 52.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.16) EPS. On average, equities analysts predict that Warrior Met Coal will post 6.78 EPS for the current year.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HCC. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal during the 4th quarter worth about $31,000. Parallel Advisors LLC lifted its holdings in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new stake in Warrior Met Coal during the 4th quarter worth about $37,000. Hantz Financial Services Inc. lifted its holdings in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.