Warrior Met Coal (NYSE:HCC) Given a $55.00 Price Target by BMO Capital Markets Analysts

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 equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price would indicate a potential downside of 5.70% from the company's current price.

Several other analysts have also recently commented on the company. UBS Group decreased their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. B. Riley cut their price target on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Warrior Met Coal has a consensus rating of "Hold" and a consensus price target of $61.00.

Warrior Met Coal Stock Performance

NYSE HCC traded up $3.48 during trading on Thursday, hitting $58.33. The company's stock had a trading volume of 184,580 shares, compared to its average volume of 992,615. The company has a quick ratio of 4.00, a current ratio of 5.14 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average price of $49.29 and a 200 day moving average price of $48.97. The firm has a market cap of $3.07 billion, a P/E ratio of 29.20 and a beta of 0.69. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The firm had revenue of $297.52 million for the quarter, compared to analysts' expectations of $285.63 million. During the same period in the prior year, the business posted $1.35 earnings per share. The business's revenue was down 25.0% compared to the same quarter last year. Equities research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Warrior Met Coal by 3.4% in the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company's stock valued at $15,392,000 after buying an additional 10,608 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Warrior Met Coal in the 1st quarter valued at $334,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Warrior Met Coal by 14.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock valued at $3,193,000 after buying an additional 7,426 shares during the period. Kennondale Capital Management LLC grew its holdings in shares of Warrior Met Coal by 39.1% in the 1st quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company's stock valued at $1,841,000 after buying an additional 10,839 shares during the period. Finally, Forest Avenue Capital Management LP raised its position in shares of Warrior Met Coal by 32.5% during the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock worth $29,571,000 after purchasing an additional 133,642 shares during the period. Institutional investors and hedge funds 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.