Warrior Met Coal Inc. (NYSE:HCC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $31.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.54% from the company’s previous close.
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. “
Other analysts have also recently issued reports about the stock. B. Riley reiterated a “neutral” rating on shares of Warrior Met Coal in a research note on Wednesday, November 1st. FBR & Co increased their target price on shares of Warrior Met Coal from $20.00 to $21.00 and gave the stock a “mkt perform” rating in a research note on Friday, July 21st. MKM Partners reiterated a “buy” rating and issued a $28.00 target price on shares of Warrior Met Coal in a research note on Tuesday, September 12th. Citigroup Inc. increased their target price on shares of Warrior Met Coal from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada increased their price target on shares of Warrior Met Coal from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $25.92.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, November 9th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The business had revenue of $312.00 million for the quarter, compared to analysts’ expectations of $301.89 million. Warrior Met Coal’s quarterly revenue was up 489.8% compared to the same quarter last year. analysts anticipate that Warrior Met Coal will post 7.39 earnings per share for the current fiscal year.
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In related news, Director Stephen D. Williams sold 18,742 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.00, for a total transaction of $524,776.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $560,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at $131,000. Quantbot Technologies LP bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at $135,000. The Manufacturers Life Insurance Company bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at $219,000. Tudor Investment Corp ET AL bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at $223,000. Finally, Royal Bank of Canada bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at $228,000. 97.77% of the stock is currently owned by institutional investors.
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.
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