Warrior Met Coal (NYSE:HCC) Given New $105.00 Price Target at UBS Group

Key Points

• UBS raised its price target to $105 (from $101) and kept a "buy" rating; the consensus price target is about $103.40 with four analysts rated Buy, two Hold and one Sell.
• The company reported an EPS miss of $0.44 vs. $0.62 expected while revenue of $384M beat estimates and was up 29.1% YoY; HCC trades around $99.26 with a P/E of 91.07 and a 12‑month high near $105.
• Insider selling was notable (CEO sold 100,000 shares and another insider sold 10,000), even as institutional ownership is very high at 92.28% and several large funds recently increased stakes.

Warrior Met Coal (NYSE:HCC - Get Free Report) had its price target hoisted by UBS Group from $101.00 to $105.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 5.78% from the stock's current price.

Other analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Sunday, February 15th. Zacks Research cut Warrior Met Coal from a "hold" rating to a "strong sell" rating in a report on Thursday, February 5th. Jefferies Financial Group boosted their target price on Warrior Met Coal from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. B. Riley Financial restated a "buy" rating on shares of Warrior Met Coal in a report on Friday, February 13th. Finally, Citigroup upped their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of "Hold" and a consensus price target of $103.40.

Warrior Met Coal Price Performance

HCC stock traded up $3.64 during midday trading on Friday, hitting $99.26. The company's stock had a trading volume of 124,836 shares, compared to its average volume of 959,144. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 91.07 and a beta of 0.69. The company has a 50 day moving average of $88.62 and a two-hundred day moving average of $79.91.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The company had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company's quarterly revenue was up 29.1% on a year-over-year basis. On average, analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Insider Transactions at Warrior Met Coal

In related news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Walter J. Scheller sold 100,000 shares of the company's stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company's stock worth $187,860,000 after purchasing an additional 825,807 shares during the period. L1 Capital Pty Ltd lifted its stake in Warrior Met Coal by 175.8% in the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company's stock worth $90,791,000 after purchasing an additional 1,262,736 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company's stock worth $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company's stock valued at $116,687,000 after buying an additional 5,077 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its holdings in shares of Warrior Met Coal by 12.0% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company's stock worth $144,355,000 after buying an additional 175,500 shares during the period. 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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