Warrior Met Coal (NYSE:HCC) Rating Increased to Strong-Buy at Zacks Research

Warrior Met Coal (NYSE:HCC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial increased their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, UBS Group dropped their price target on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Warrior Met Coal Trading Up 0.6%

Shares of Warrior Met Coal stock opened at $81.31 on Monday. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 31.04 and a beta of 0.62. Warrior Met Coal has a fifty-two week low of $43.43 and a fifty-two week high of $110.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. The stock has a 50 day moving average of $90.78 and a 200 day moving average of $89.96.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same period last year, the business earned ($0.16) EPS. Warrior Met Coal’s revenue was up 52.9% compared to the same quarter last year. As a group, research analysts predict that Warrior Met Coal will post 6.89 earnings per share 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 stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider directly owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal during the 4th quarter worth $31,000. EverSource Wealth Advisors LLC raised its position in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares in the last quarter. Parallel Advisors LLC raised its position in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Warrior Met Coal in the 4th quarter valued at about $37,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Warrior Met Coal in the 4th quarter valued at about $63,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

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.