UBS Group Issues Pessimistic Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Key Points

• UBS Group lowered its price target for Warrior Met Coal from $100 to $98 while maintaining a “buy” rating, implying about 9.18% upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with a $102.60 average target.
• Warrior Met Coal exceeded quarterly expectations, reporting $1.65 in EPS versus the $1.40 consensus and $509.69 million in revenue versus $488.46 million expected; revenue rose 71.3% year over year.
• The stock traded at $89.76, up $5.46, with a market capitalization of approximately $4.74 billion. An insider recently sold 20,000 shares, while institutional investors own a substantial 92.28% of outstanding shares.

Warrior Met Coal (NYSE:HCC - Get Free Report) had its price objective dropped by analysts at UBS Group from $100.00 to $98.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective suggests a potential upside of 9.18% from the stock's current price.

Other analysts have also issued reports about the company. Weiss Ratings lowered Warrior Met Coal from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 30th. Wall Street Zen cut shares of Warrior Met Coal from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Citigroup reiterated a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research raised shares of Warrior Met Coal from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 29th. Finally, B. Riley Financial raised their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.60.

Warrior Met Coal Stock Performance

NYSE HCC traded up $5.46 during trading on Thursday, reaching $89.76. The company's stock had a trading volume of 563,726 shares, compared to its average volume of 875,499. The firm has a 50 day moving average price of $87.03 and a 200 day moving average price of $88.13. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $110.39. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 34.19 and a beta of 0.65. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results 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 the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm's quarterly revenue was up 71.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities analysts anticipate that Warrior Met Coal will post 5.83 EPS for the current fiscal year.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in shares of Warrior Met Coal during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after acquiring an additional 467 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company's stock valued at $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal during the 4th quarter valued at $37,000. Finally, Bayforest Capital Ltd bought a new stake in Warrior Met Coal during the 4th quarter worth $63,000. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Company Profile

Warrior Met Coal NYSE: HCC is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama's Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal's product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.

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