Warrior Met Coal's (HCC) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Warrior Met Coal's stock has been reiterated with a "hold (C-)" rating by Weiss Ratings, indicating a cautious outlook from analysts.
• Various analysts have adjusted their price targets for Warrior Met Coal, with a consensus price target now set at $65.50 after multiple upgrades and downgrades.
• Despite a year-over-year revenue decline of 25%, the company reported earnings per share of $0.11, surpassing analysts' expectations significantly.

Warrior Met Coal (NYSE:HCC - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other analysts also recently commented on HCC. B. Riley reduced their price objective on 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. Wall Street Zen upgraded Warrior Met Coal from a "sell" rating to a "hold" rating in a research note on Saturday, October 11th. UBS Group lifted their price target on shares of Warrior Met Coal from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Zacks Research raised shares of Warrior Met Coal from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. Finally, BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the stock a "market perform" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of "Hold" and a consensus price target of $65.50.

Warrior Met Coal Stock Performance

HCC stock traded up $1.63 during mid-day trading on Friday, reaching $64.33. 835,911 shares of the stock traded hands, compared to its average volume of 949,365. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15. The business has a 50-day moving average of $61.85 and a two-hundred day moving average of $53.53. The firm has a market capitalization of $3.38 billion, a PE ratio of 83.54 and a beta of 0.78.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm's revenue for the quarter was down 25.0% on a year-over-year basis. As a group, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in the company. Moran Wealth Management LLC increased its position in shares of Warrior Met Coal by 9.2% during the 1st quarter. Moran Wealth Management LLC now owns 24,374 shares of the company's stock worth $1,163,000 after purchasing an additional 2,047 shares in the last quarter. KBC Group NV grew its stake in Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after buying an additional 894 shares during the last quarter. Skylands Capital LLC acquired a new stake in shares of Warrior Met Coal during the first quarter worth approximately $1,312,000. Teacher Retirement System of Texas bought a new position in shares of Warrior Met Coal in the first quarter valued at approximately $365,000. Finally, Principal Financial Group Inc. raised its stake in shares of 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 acquiring an additional 10,608 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

About Warrior Met Coal

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.

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