Shares of Warrior Met Coal Inc (NYSE:HCC) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.17.
A number of research analysts recently weighed in on HCC shares. ValuEngine raised Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Friday, May 8th. Benchmark started coverage on Warrior Met Coal in a research note on Friday, February 21st. They issued a “hold” rating on the stock. BMO Capital Markets raised their price objective on Warrior Met Coal from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Citigroup cut their price objective on Warrior Met Coal from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, TheStreet raised Warrior Met Coal from a “d+” rating to a “c” rating in a research note on Wednesday, April 29th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HCC. State of Tennessee Treasury Department raised its position in Warrior Met Coal by 17.7% in the 1st quarter. State of Tennessee Treasury Department now owns 60,846 shares of the company’s stock valued at $647,000 after purchasing an additional 9,153 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Warrior Met Coal in the 1st quarter valued at $160,000. Caxton Associates LP bought a new position in Warrior Met Coal in the 1st quarter valued at $233,000. Tower Research Capital LLC TRC raised its position in Warrior Met Coal by 204.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 7,182 shares of the company’s stock valued at $76,000 after purchasing an additional 4,825 shares during the last quarter. Finally, Invesco Ltd. raised its position in Warrior Met Coal by 21.3% in the 1st quarter. Invesco Ltd. now owns 484,451 shares of the company’s stock valued at $5,145,000 after purchasing an additional 85,035 shares during the last quarter.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.17). The company had revenue of $226.70 million during the quarter, compared to analyst estimates of $219.78 million. Warrior Met Coal had a net margin of 19.06% and a return on equity of 24.44%. The company’s revenue for the quarter was down 40.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. Analysts expect that Warrior Met Coal will post 1.5 EPS for the current year.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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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