Warrior Met Coal (NYSE:HCC) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Warrior Met Coal to “buy” from “hold.” The stock has a “Moderate Buy” consensus rating and an average analyst price target of $102.60.
• Warrior Met Coal reported quarterly EPS of $1.65, beating estimates of $1.40, while revenue rose 71.3% year over year to $509.69 million.
• Shares opened at $92.27, up 3.0%, with the company valued at approximately $4.87 billion. Institutional investors own 92.28% of outstanding shares, while an insider recently sold $2.2 million worth of stock.

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

A number of other equities analysts have also recently weighed in on HCC. UBS Group decreased their price target on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating for the company in a report on Thursday. Citigroup reiterated a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial boosted their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Zacks Research upgraded shares of Warrior Met Coal from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, June 29th. Finally, Weiss Ratings lowered shares of Warrior Met Coal from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.60.

Warrior Met Coal Trading Up 3.0%

Shares of HCC opened at $92.27 on Friday. The stock's 50-day moving average is $86.69 and its two-hundred day moving average is $88.09. The stock has a market cap of $4.87 billion, a PE ratio of 22.18 and a beta of 0.65. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $110.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same quarter last year, the firm earned $0.11 earnings per share. The company's revenue for the quarter was up 71.3% compared to the same quarter last year. Equities analysts forecast that Warrior Met Coal will post 5.83 earnings per share for the current fiscal year.

Insider Activity at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal during the 4th quarter valued at approximately $31,000. Parallel Advisors LLC boosted its holdings in Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company's stock worth $36,000 after purchasing an additional 302 shares during the period. IFP Advisors Inc acquired a new position in Warrior Met Coal in the fourth quarter worth $37,000. EverSource Wealth Advisors LLC increased its stake in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after purchasing an additional 467 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Warrior Met Coal during the fourth quarter valued at $63,000. Institutional investors own 92.28% of the company's stock.

About Warrior Met Coal

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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