Warrior Met Coal (NYSE:HCC) Stock Price Target Cut by UBS Group

Warrior Met Coal (NYSE:HCC) had its target price dropped by investment analysts at UBS Group from $102.00 to $97.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group‘s price target would indicate a potential upside of 15.20% from the stock’s previous close.

Several other equities analysts have also recently commented on HCC. B. Riley Financial decreased their price target on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $109.80.

Warrior Met Coal Price Performance

HCC traded up $3.40 on Thursday, hitting $84.20. 836,203 shares of the company’s stock were exchanged, compared to its average volume of 609,780. Warrior Met Coal has a fifty-two week low of $71.79 and a fifty-two week high of $111.42. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 19.18 and a beta of 0.75. The firm has a 50-day moving average price of $91.51 and a 200-day moving average price of $89.78. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.62). The business had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The business’s revenue was up 54.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. As a group, equities analysts anticipate that Warrior Met Coal will post 6.97 earnings per share for the current year.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter Scheller sold 50,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the sale, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen D. Williams sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the transaction, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 104,800 shares of company stock valued at $11,250,304. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Warrior Met Coal in the second quarter valued at $31,000. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal during the second quarter worth about $37,000. Allworth Financial LP purchased a new position in shares of Warrior Met Coal during the second quarter worth about $39,000. Nykredit A S acquired a new position in Warrior Met Coal in the 2nd quarter valued at about $50,000. Finally, Global Retirement Partners LLC acquired a new position in Warrior Met Coal in the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.