Warrior Met Coal (NYSE:HCC) Raised to Buy at Wall Street Zen

Warrior Met Coal (NYSE:HCC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on HCC. B. Riley Financial boosted their price target 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. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. UBS Group lowered their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. One 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, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Trading Up 0.3%

NYSE HCC opened at $92.27 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 22.18 and a beta of 0.65. The firm has a 50 day simple moving average of $86.69 and a 200-day simple moving average of $88.00. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. Equities research analysts anticipate that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction 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 completion of the sale, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently modified their holdings of HCC. Foster & Motley Inc. purchased a new position in Warrior Met Coal in the second quarter valued at $829,000. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal during the 2nd quarter worth about $37,000. BlackRock Inc. purchased a new stake in Warrior Met Coal during the 2nd quarter worth about $606,503,000. Deutsche Bank AG acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth about $10,641,000. Finally, Ashoka WhiteOak Capital Pte Ltd acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth about $11,394,000. Institutional investors and hedge funds 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.