Jefferies Financial Group Issues Pessimistic Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its price objective reduced by Jefferies Financial Group from $75.00 to $65.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 19.09% from the stock’s current price.

Separately, B. Riley lifted their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.60.

Warrior Met Coal Stock Up 0.3 %

NYSE:HCC opened at $54.58 on Monday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 7.54 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The stock’s fifty day moving average price is $63.82 and its two-hundred day moving average price is $62.87. Warrior Met Coal has a 52-week low of $50.60 and a 52-week high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 earnings per share. On average, analysts anticipate that Warrior Met Coal will post 5.62 EPS for the current year.

Institutional Investors Weigh In On Warrior Met Coal

Large investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after buying an additional 180 shares during the period. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares in the last quarter. KBC Group NV grew its stake in Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after acquiring an additional 392 shares during the period. Malaga Cove Capital LLC bought a new stake in shares of Warrior Met Coal in the second quarter worth about $202,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Warrior Met Coal during the second quarter worth about $203,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.