BMO Capital Markets Reiterates "$55.00" Price Target for Warrior Met Coal (NYSE:HCC)

Key Points

• BMO Capital Markets has raised the price target for Warrior Met Coal (NYSE:HCC) from $50.00 to $55.00, indicating a potential upside of 0.28% from the current stock price.
• Warrior Met Coal's recent earnings report showed earnings of $0.11 per share, exceeding analyst expectations, although revenue has declined by 25% year-over-year.
• Institutional investors own 92.28% of Warrior Met Coal, with several hedge funds significantly increasing their holdings in the last quarter.

Warrior Met Coal (NYSE:HCC - Get Free Report) has been assigned a $55.00 target price by analysts at BMO Capital Markets in a research note issued on Thursday, August 7th, MarketBeat reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' price target indicates a potential downside of 8.84% from the company's previous close.

Several other equities research analysts have also commented on HCC. B. Riley reduced their price target on shares of 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 reduced their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.00.

Warrior Met Coal Trading Down 2.0%

Warrior Met Coal stock traded down $1.26 during trading hours on Thursday, hitting $60.33. The company had a trading volume of 116,283 shares, compared to its average volume of 1,005,131. The firm has a market cap of $3.17 billion, a P/E ratio of 78.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $75.15. The company has a 50-day moving average price of $51.15 and a two-hundred day moving average price of $49.23.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.39. The company had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm's quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. On average, sell-side 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

Large investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. raised its stake in shares of Warrior Met Coal by 272.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock worth $108,171,000 after acquiring an additional 1,458,279 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company's stock worth $86,574,000 after acquiring an additional 1,069,025 shares in the last quarter. State Street Corp raised 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 acquiring an additional 825,807 shares in the last quarter. L1 Capital Pty Ltd bought a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $34,278,000. Finally, Victory Capital Management Inc. raised its stake in shares of Warrior Met Coal by 1,918.4% during the 1st quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock worth $32,474,000 after acquiring an additional 646,799 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Company Profile

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.