Warrior Met Coal's (HCC) Hold Rating Reaffirmed at Benchmark

Warrior Met Coal (NYSE:HCC - Get Free Report)'s stock had its "hold" rating reissued by analysts at Benchmark in a report issued on Thursday, Benzinga reports.

Other equities research analysts also recently issued reports about the company. Citigroup upgraded Warrior Met Coal from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. B. Riley dropped their price target on Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday, April 15th. UBS Group started coverage on Warrior Met Coal in a report on Tuesday, January 16th. They set a "neutral" rating and a $68.00 price target on the stock. Finally, BMO Capital Markets lifted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a "market perform" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.80.

Warrior Met Coal Trading Down 3.5 %

HCC stock traded down $2.41 during mid-day trading on Thursday, reaching $65.49. 1,101,044 shares of the stock traded hands, compared to its average volume of 835,462. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 52-week low of $31.97 and a 52-week high of $71.91. The company has a market cap of $3.43 billion, a P/E ratio of 7.12 and a beta of 1.05. The stock's fifty day moving average is $60.57 and its 200-day moving average is $58.41.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.61. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. During the same quarter in the previous year, the company earned $3.57 earnings per share. The business's revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Warrior Met Coal will post 6.83 earnings per share for the current year.

Insider Activity at Warrior Met Coal

In related news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now owns 30,270 shares of the company's stock, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its position in shares of Warrior Met Coal by 1.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company's stock worth $1,155,000 after acquiring an additional 192 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Warrior Met Coal by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company's stock worth $1,197,000 after buying an additional 279 shares during the period. USA Financial Formulas bought a new position in Warrior Met Coal in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its stake in shares of Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $61,000 after purchasing an additional 442 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in Warrior Met Coal in the third quarter valued at about $32,000. 92.28% of the stock is owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.