Weiss Ratings Reiterates Hold (C-) Rating for Warrior Met Coal (NYSE:HCC)

Key Points

• Weiss Ratings has reiterated a "hold (C-)" rating for Warrior Met Coal (NYSE:HCC), reflecting a cautious outlook among analysts.
• Recently, Zacks upgraded the company's rating from "strong sell" to "hold," while Wall Street Zen downgraded it from "hold" to "sell," indicating mixed sentiment on the stock.
• As of mid-day trading, Warrior Met Coal's shares reached $64.94, with an average target price of $65.50 and a market capitalization of $3.41 billion.

Warrior Met Coal (NYSE:HCC - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently commented on the company. Zacks Research raised Warrior Met Coal from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. Wall Street Zen cut Warrior Met Coal from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. UBS Group upped their price target on Warrior Met Coal from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday. B. Riley dropped their price target 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. Finally, BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.50.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock traded up $1.23 during mid-day trading on Wednesday, reaching $64.94. 507,263 shares of the stock traded hands, compared to its average volume of 838,392. The business has a 50-day moving average of $59.90 and a 200 day moving average of $52.03. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The stock has a market capitalization of $3.41 billion, a PE ratio of 70.79 and a beta of 0.78. 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 (NYSE:HCC - Get Free Report) last announced its earnings results 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 return on equity of 2.26% and a net margin of 3.30%.The business had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The business's revenue was down 25.0% compared to the same quarter last year. On average, analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. L1 Capital Pty Ltd boosted its position in shares of Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company's stock worth $90,791,000 after buying an additional 1,262,736 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company's stock worth $86,574,000 after buying an additional 1,069,025 shares during the period. State Street Corp boosted its position in shares of Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company's stock worth $187,860,000 after buying an additional 825,807 shares during the period. Victory Capital Management Inc. boosted its position in shares of Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock worth $32,474,000 after buying an additional 646,799 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Warrior Met Coal by 18.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock worth $112,697,000 after buying an additional 367,326 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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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