Citigroup Boosts Warrior Met Coal (NYSE:HCC) Price Target to $100.00

Warrior Met Coal (NYSE:HCC) had its price objective increased by equities research analysts at Citigroup from $80.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 15.53% from the company’s previous close.

HCC has been the subject of a number of other reports. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. UBS Group upped their price objective on shares of Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Jefferies Financial Group raised their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $102.60.

Warrior Met Coal Price Performance

Shares of NYSE HCC traded up $0.36 during midday trading on Wednesday, hitting $86.56. The stock had a trading volume of 70,937 shares, compared to its average volume of 955,209. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $89.57 and a 200-day simple moving average of $78.56. The company has a market capitalization of $4.57 billion, a PE ratio of 79.33 and a beta of 0.69. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $105.35.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. On average, sell-side analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider directly owned 70,580 shares in the company, valued at $7,058,000. The trade was a 12.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the sale, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in Warrior Met Coal during the fourth quarter worth $31,000. Parallel Advisors LLC lifted its stake in shares of Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after purchasing an additional 302 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Warrior Met Coal during the 4th quarter worth $37,000. Hantz Financial Services Inc. increased its position in shares of Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.