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

Key Points

• Warrior Met Coal's rating has been upgraded from "sell" to "hold" by Wall Street Zen, reflecting a more favorable outlook from analysts.
• The company's quarterly earnings exceeded expectations with an EPS of $0.11, compared to a consensus estimate of ($0.28), despite a year-over-year revenue decline of 25%.
• Institutional ownership of Warrior Met Coal is substantial at 92.28%, with significant stake increases from several investors in the recent quarters.

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

A number of other brokerages have also recently issued reports on HCC. Zacks Research raised shares of Warrior Met Coal from a "strong sell" rating to a "hold" rating in a research report on Monday, September 22nd. BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. B. Riley reduced their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Warrior Met Coal in a research report on Wednesday. Finally, UBS Group boosted their target price on shares of Warrior Met Coal from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $65.50.

Warrior Met Coal Price Performance

NYSE:HCC opened at $63.59 on Friday. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company has a market cap of $3.34 billion, a P/E ratio of 82.58 and a beta of 0.78. The firm's fifty day moving average price is $60.71 and its two-hundred day moving average price is $52.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The company'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 earnings per share. Equities analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company's stock valued at $187,860,000 after buying an additional 825,807 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock valued at $112,697,000 after buying an additional 367,326 shares during the period. L1 Capital Pty Ltd increased its stake in shares of 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 valued at $90,791,000 after buying an additional 1,262,736 shares during the period. American Century Companies Inc. increased its stake in shares of Warrior Met Coal by 1.2% in the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company's stock valued at $88,037,000 after buying an additional 23,698 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of 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 valued at $86,574,000 after buying an additional 1,069,025 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.