Zacks Research Upgrades Warrior Met Coal (NYSE:HCC) to Hold

Key Points

• Warrior Met Coal was upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting a shift in investor sentiment towards the stock.
• Recent price targets from various research analysts vary, with B. Riley setting a target of $74 and UBS raising it to $60, while the current consensus target price stands at $63.50.
• Warrior Met Coal reported a quarterly earnings of $0.11 per share, exceeding analysts' expectations, although its revenue decreased by 25% year-over-year.

Warrior Met Coal (NYSE:HCC - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. B. Riley dropped their price target on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. UBS Group lifted their target price on shares of Warrior Met Coal from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a "market perform" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen lowered Warrior Met Coal from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $63.50.

Warrior Met Coal Trading Up 0.2%

Shares of HCC opened at $61.95 on Monday. The stock's fifty day simple moving average is $58.08 and its 200-day simple moving average is $50.93. The firm has a market capitalization of $3.26 billion, a PE ratio of 80.45 and a beta of 0.74. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15. 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 quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping 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 firm had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same period last year, the company earned $1.35 earnings per share. The company's revenue was down 25.0% on a year-over-year basis. As a group, research analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Institutional Trading of Warrior Met Coal

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after buying an additional 467 shares during the period. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 23.1% in the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock worth $62,000 after acquiring an additional 253 shares in the last quarter. Covestor Ltd raised its position in shares of Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock worth $125,000 after purchasing an additional 335 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Warrior Met Coal by 5,565.4% during the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after purchasing an additional 2,894 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Warrior Met Coal by 41.8% in the 1st quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after purchasing an additional 894 shares during the period. Institutional investors 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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