Warrior Met Coal (NYSE:HCC) Stock Rating Lowered by Wall Street Zen

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 research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the company. B. Riley decreased their target price on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a "market perform" rating in a report on Thursday, August 7th. Finally, UBS Group lifted their price target on Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $63.50.

Warrior Met Coal Stock Performance

HCC stock traded up $0.72 during midday trading on Friday, reaching $63.95. The company had a trading volume of 1,019,180 shares, compared to its average volume of 715,976. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $57.44 and a 200 day moving average price of $50.62. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The firm has a market capitalization of $3.36 billion, a PE ratio of 83.05 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating 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 company had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same period in the previous year, the firm posted $1.35 earnings per share. Warrior Met Coal's quarterly revenue was down 25.0% compared to the same quarter last year. Analysts anticipate 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 the company. GAMMA Investing LLC grew its holdings in shares of Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock valued at $62,000 after acquiring an additional 253 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Warrior Met Coal by 2.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 11,350 shares of the company's stock valued at $542,000 after acquiring an additional 272 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Warrior Met Coal by 4.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,980 shares of the company's stock valued at $366,000 after acquiring an additional 333 shares in the last quarter. Covestor Ltd grew its holdings in shares of Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after acquiring an additional 335 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Warrior Met Coal by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 48,341 shares of the company's stock valued at $2,215,000 after acquiring an additional 337 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.