Warrior Met Coal (NYSE:HCC) Stock Price Target Lowered at B. Riley Financial

Key Points

• B. Riley Financial lowered Warrior Met Coal’s price target to $122 from $123 while maintaining a “buy” rating, implying approximately 41.7% upside from the reported $86.09 share price.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $104.33 from eight analysts.
• Warrior Met Coal reported quarterly EPS of $1.65, exceeding estimates of $1.40, while revenue rose 71.3% year over year to $509.69 million. However, company insiders sold 104,800 shares worth approximately $11.25 million over the past 90 days.

Warrior Met Coal (NYSE:HCC - Get Free Report) had its price objective reduced by investment analysts at B. Riley Financial from $123.00 to $122.00 in a report released on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley Financial's price objective points to a potential upside of 41.71% from the stock's current price.

HCC has been the topic of a number of other research reports. Royal Bank Of Canada lifted their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 16th. UBS Group upped their price objective on shares of Warrior Met Coal from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, October 8th. Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. 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. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 10th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.33.

Warrior Met Coal Price Performance

HCC traded up $0.29 during trading on Monday, hitting $86.09. The company's stock had a trading volume of 44,693 shares, compared to its average volume of 799,478. 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 has a twelve month low of $62.24 and a twelve month high of $111.42. The business's fifty day simple moving average is $95.62 and its 200 day simple moving average is $90.61. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 20.69 and a beta of 0.72.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million during the quarter, compared to analysts' expectations of $488.46 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 71.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts forecast that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Walter Scheller sold 50,000 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the chief executive officer owned 317,793 shares of the company's stock, valued at $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 owned 30,303 shares of the company's stock, valued at $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. Insiders sold a total of 104,800 shares of company stock worth $11,250,304 in the last 90 days. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently bought and sold shares of the business. Lakewood Asset Management LLC grew its stake in Warrior Met Coal by 4.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 7,797 shares of the company's stock valued at $687,000 after acquiring an additional 304 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in Warrior Met Coal in the 3rd quarter worth approximately $397,000. Sterling Capital Management LLC lifted its stake in Warrior Met Coal by 447.2% in the 3rd quarter. Sterling Capital Management LLC now owns 1,658 shares of the company's stock worth $146,000 after purchasing an additional 1,355 shares in the last quarter. James Investment Research Inc. boosted its holdings in shares of Warrior Met Coal by 8.2% during the 3rd quarter. James Investment Research Inc. now owns 17,069 shares of the company's stock worth $1,503,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Skylands Capital LLC boosted its holdings in shares of Warrior Met Coal by 3.3% during the 3rd quarter. Skylands Capital LLC now owns 68,707 shares of the company's stock worth $6,051,000 after purchasing an additional 2,207 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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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