Warrior Met Coal (NYSE:HCC) Stock Rating Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Warrior Met Coal from “strong buy” to “buy.” Despite mixed analyst views, the stock retains a consensus “Moderate Buy” rating and an average price target of $104.33.
• Warrior Met Coal reported quarterly earnings of $1.65 per share, exceeding estimates of $1.40, while revenue rose 71.3% year over year to $509.69 million.
• Insiders sold 104,800 shares worth approximately $11.25 million during the last quarter, while institutional investors and hedge funds own a substantial 92.28% of the company.

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

HCC has been the topic of a number of other reports. Royal Bank Of Canada lifted their target price on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a "sector perform" rating in a report on Wednesday, September 16th. UBS Group increased their price target on shares of Warrior Met Coal from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, October 8th. Jefferies Financial Group reissued a "buy" rating on shares of Warrior Met Coal in a research report on Thursday. Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, B. Riley Financial dropped their price objective on shares of Warrior Met Coal from $123.00 to $122.00 and set a "buy" rating on the stock in a research note on Monday, October 26th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.33.

Warrior Met Coal Trading Up 0.1%

HCC opened at $85.72 on Friday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 20.61 and a beta of 0.72. Warrior Met Coal has a 52 week low of $64.27 and a 52 week high of $111.42. The business's 50 day moving average is $93.97 and its two-hundred day moving average is $90.25. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.25. The company 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 firm's revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, research analysts predict that Warrior Met Coal will post 6.97 EPS for the current year.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 317,793 shares in the company, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,800 shares of company stock worth $11,250,304 over the last quarter. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds have recently modified their holdings of HCC. BlackRock Inc. acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $606,503,000. Renaissance Technologies LLC boosted its stake in shares of Warrior Met Coal by 22.6% in the first quarter. Renaissance Technologies LLC now owns 810,781 shares of the company's stock valued at $75,524,000 after buying an additional 149,600 shares in the last quarter. Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Warrior Met Coal in the first quarter valued at approximately $55,714,000. Bank of New York Mellon Corp acquired a new position in Warrior Met Coal during the second quarter worth $31,201,000. Finally, Summit Street Capital Management LLC acquired a new position in Warrior Met Coal during the second quarter worth $25,744,000. 92.28% of the stock is 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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