Analysts Set Warrior Met Coal, Inc. (NYSE:HCC) Target Price at $75.75

Warrior Met Coal, Inc. (NYSE:HCC) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $73.60.

A number of equities analysts recently issued reports on HCC shares. Jefferies Financial Group decreased their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday. B. Riley raised their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in Warrior Met Coal by 34.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock valued at $145,000 after buying an additional 599 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Warrior Met Coal by 2.4% during the second quarter. Arizona State Retirement System now owns 14,640 shares of the company’s stock valued at $919,000 after acquiring an additional 344 shares in the last quarter. X Square Capital LLC raised its position in shares of Warrior Met Coal by 243.0% in the 2nd quarter. X Square Capital LLC now owns 17,150 shares of the company’s stock worth $1,077,000 after purchasing an additional 12,150 shares during the last quarter. Choreo LLC bought a new position in Warrior Met Coal in the 2nd quarter worth about $207,000. Finally, Texas Permanent School Fund Corp grew its position in Warrior Met Coal by 4.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 47,627 shares of the company’s stock valued at $2,990,000 after purchasing an additional 2,101 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

HCC opened at $52.46 on Monday. 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 has a market capitalization of $2.74 billion, a PE ratio of 7.25 and a beta of 1.09. The stock’s 50 day moving average price is $63.25 and its 200-day moving average price is $62.64. 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 data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the business earned $1.85 EPS. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, equities research analysts predict that Warrior Met Coal will post 5.62 EPS for the current year.

About Warrior Met Coal

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.