Warrior Met Coal Inc. (NYSE:HCC)‘s stock had its “hold” rating reiterated by investment analysts at B. Riley in a report issued on Friday, November 10th. They presently have a $26.00 target price on the stock. B. Riley’s price objective points to a potential downside of 13.04% from the stock’s previous close. B. Riley also issued estimates for Warrior Met Coal’s FY2017 earnings at $7.71 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.52 EPS and FY2019 earnings at $1.65 EPS.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Warrior Met Coal from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price target on shares of Warrior Met Coal in a research note on Wednesday, September 6th. MKM Partners reissued a “buy” rating and issued a $28.00 price target on shares of Warrior Met Coal in a research note on Tuesday, September 12th. Finally, FBR & Co set a $26.00 price target on Warrior Met Coal and gave the company a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.92.
Shares of Warrior Met Coal (NYSE:HCC) opened at $29.90 on Friday. Warrior Met Coal has a one year low of $15.10 and a one year high of $30.49.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.01. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The company’s revenue for the quarter was up 489.8% compared to the same quarter last year. research analysts forecast that Warrior Met Coal will post 7.85 EPS for the current fiscal year.
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In other news, Director Stephen D. Williams sold 18,742 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total value of $524,776.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $560,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.15% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of HCC. Bank of New York Mellon Corp increased its position in Warrior Met Coal by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after buying an additional 3,289 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Warrior Met Coal by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 66,325 shares of the company’s stock worth $1,564,000 after buying an additional 3,673 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Warrior Met Coal in the third quarter worth $135,000. First Mercantile Trust Co. purchased a new stake in Warrior Met Coal in the second quarter worth $131,000. Finally, Invictus RG bought a new position in shares of Warrior Met Coal in the third quarter worth $257,000. 98.38% of the stock is owned by institutional investors.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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