Warrior Met Coal Inc. (NYSE:HCC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $27.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential upside of 16.53% from the company’s current price.

According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “

A number of other equities research analysts also recently weighed in on HCC. FBR & Co started coverage on Warrior Met Coal in a research report on Thursday, April 20th. They issued a “mkt perform” rating and a $22.00 target price for the company. Royal Bank Of Canada started coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued an “outperform” rating and a $25.00 target price for the company. Credit Suisse Group started coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued an “outperform” rating and a $26.00 target price for the company. Citigroup Inc. started coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Morgan Stanley started coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued an “overweight” rating and a $27.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Warrior Met Coal currently has an average rating of “Buy” and a consensus price target of $23.40.

Shares of Warrior Met Coal (NYSE:HCC) opened at 23.17 on Thursday. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $25.38. The stock has a 50 day moving average price of $20.30 and a 200 day moving average price of $18.65. The firm has a market capitalization of $1.24 billion and a PE ratio of 5.19.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.59. The firm had revenue of $363.37 million during the quarter, compared to analyst estimates of $321.75 million. Analysts predict that Warrior Met Coal will post $4.08 EPS for the current fiscal year.

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In related news, Director Alan H. Schumacher acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $17.99 per share, for a total transaction of $53,970.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at $53,970. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.15% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. OxFORD Asset Management LLP bought a new stake in shares of Warrior Met Coal during the second quarter worth approximately $7,073,000. Citadel Advisors LLC bought a new stake in shares of Warrior Met Coal during the second quarter worth approximately $9,569,000. Apollo Management Holdings L.P. bought a new stake in shares of Warrior Met Coal during the second quarter worth approximately $173,185,000. FMR LLC bought a new stake in shares of Warrior Met Coal during the second quarter worth approximately $12,380,000. Finally, Vanguard Group Inc. bought a new stake in shares of Warrior Met Coal during the second quarter worth approximately $21,144,000. Institutional investors own 0.79% of the company’s stock.

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.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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