Warrior Met Coal (NYSE:HCC) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Warrior Met Coal from “Buy” to “Hold.” Overall analyst sentiment remains “Moderate Buy,” with four Buy and three Hold ratings and a consensus price target of $109.80.
• Warrior Met Coal reported quarterly EPS of $0.93, below the $1.55 consensus estimate, while revenue of $507.93 million slightly beat expectations and rose 54.6% year over year.
• Shares opened at $84.20 and rose 4.2%; company insiders sold 104,800 shares worth about $11.25 million over the past 90 days.

Warrior Met Coal (NYSE:HCC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. B. Riley Financial reduced their target price on shares of Warrior Met Coal from $123.00 to $122.00 and set a "buy" rating on the stock in a report on Monday, October 26th. Royal Bank Of Canada boosted their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 16th. Zacks Research lowered shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Jefferies Financial Group restated a "buy" rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Finally, Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.80.

Warrior Met Coal Trading Up 4.2%

Shares of HCC opened at $84.20 on Friday. Warrior Met Coal has a twelve month low of $71.79 and a twelve month high of $111.42. The stock has a market cap of $4.45 billion, a PE ratio of 19.18 and a beta of 0.75. The company has a quick ratio of 2.79, a current ratio of 4.20 and a debt-to-equity ratio of 0.10. The business's 50-day moving average price is $91.51 and its 200-day moving average price is $89.78.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.62). The business had revenue of $507.93 million for the quarter, compared to analysts' expectations of $505.84 million. Warrior Met Coal had a return on equity of 10.34% and a net margin of 12.47%. The firm's revenue for the quarter was up 54.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS. On average, equities analysts forecast that Warrior Met Coal will post 5.41 EPS for the current fiscal year.

Insider Transactions at Warrior Met Coal

In other news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Walter Scheller sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the sale, the chief executive officer directly owned 317,793 shares in the company, valued at $33,368,265. The trade was a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock worth $11,250,304 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Warrior Met Coal in the second quarter worth $606,503,000. Goehring & Rozencwajg Associates LLC bought a new position in Warrior Met Coal in the first quarter worth $55,714,000. Bank of New York Mellon Corp bought a new position in Warrior Met Coal in the second quarter worth $31,201,000. Summit Street Capital Management LLC purchased a new position in Warrior Met Coal during the second quarter valued at $25,744,000. Finally, Bank of America Corp DE purchased a new position in Warrior Met Coal during the second quarter valued at $16,586,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

About Warrior Met Coal

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.

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