Warrior Met Coal (NYSE:HCC) Given New $123.00 Price Target at B. Riley Financial

Warrior Met Coal (NYSE:HCC) had its price target raised by analysts at B. Riley Financial from $117.00 to $123.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s price target would suggest a potential upside of 28.00% from the stock’s current price.

A number of other research firms have also recently issued reports on HCC. UBS Group lowered their target price on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday. Zacks Research cut shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.40.

Warrior Met Coal Price Performance

NYSE HCC traded up $1.42 on Wednesday, hitting $96.09. 169,316 shares of the company were exchanged, compared to its average volume of 929,255. The firm has a 50 day moving average of $91.07 and a two-hundred day moving average of $88.83. The company has a market cap of $5.07 billion, a P/E ratio of 36.74 and a beta of 0.62. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 1-year low of $40.80 and a 1-year high of $110.39.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same quarter last year, the company earned ($0.16) EPS. The firm’s quarterly revenue was up 52.9% on a year-over-year basis. On average, equities analysts predict that Warrior Met Coal will post 6.78 EPS for the current year.

Insiders Place Their Bets

In related news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the insider owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HCC. Victory Capital Management Inc. lifted its stake in Warrior Met Coal by 7.3% in the third quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock valued at $52,095,000 after buying an additional 55,416 shares during the period. Capital International Investors lifted its stake in Warrior Met Coal by 27.1% in the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock valued at $54,247,000 after buying an additional 181,975 shares during the period. Affinity Wealth Management LLC acquired a new position in Warrior Met Coal in the third quarter valued at approximately $2,167,000. Northwestern Mutual Wealth Management Co. lifted its stake in Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after buying an additional 987,453 shares during the period. Finally, Kennondale Capital Management LLC lifted its stake in Warrior Met Coal by 42.6% in the third quarter. Kennondale Capital Management LLC now owns 55,030 shares of the company’s stock valued at $3,502,000 after buying an additional 16,444 shares during the period. Institutional investors own 92.28% of the company’s stock.

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.