Wall Street Zen Downgrades Warrior Met Coal (NYSE:HCC) to Sell

Key Points

• Warrior Met Coal was downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, which may impact investor sentiment.
• The company's stock price objective was adjusted by B. Riley from $76.00 to $74.00, while UBS Group raised their target from $50.00 to $60.00, indicating mixed analyst views.
• Warrior Met Coal reported a 25% decline in year-over-year revenue, along with earnings per share of $0.11, exceeding analysts' expectations.

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

HCC has been the subject of a number of other reports. B. Riley decreased their price objective on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. UBS Group increased their price objective on Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the stock a "market perform" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of "Hold" and a consensus target price of $63.50.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded up $4.26 during mid-day trading on Friday, hitting $62.13. The company had a trading volume of 983,450 shares, compared to its average volume of 669,311. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 80.68 and a beta of 0.74. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. The firm's 50 day simple moving average is $56.63 and its two-hundred day simple moving average is $50.34.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The business had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same period in the prior year, the company posted $1.35 EPS. The business's revenue for the quarter was down 25.0% compared to the same quarter last year. As a group, equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HCC. EverSource Wealth Advisors LLC boosted its holdings in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after buying an additional 467 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 23.1% in the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock valued at $62,000 after buying an additional 253 shares in the last quarter. Covestor Ltd increased its holdings in shares of Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after buying an additional 335 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Warrior Met Coal by 5,565.4% in the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after buying an additional 2,894 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after buying an additional 894 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

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.