Warrior Met Coal Inc. (NYSE:HCC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Warrior Met Coal, Inc. is a producer and exporter of premium metallurgical coal. It operates primarily in Alabama. Warrior Met Coal, Inc. is based in Brookwood, United States. “
Several other research firms have also weighed in on HCC. Seaport Global Securities started coverage on Warrior Met Coal in a report on Wednesday, May 10th. They set a “buy” rating and a $21.00 price target on the stock. Clarkson Capital reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Warrior Met Coal in a research report on Monday, May 8th. FBR & Co assumed coverage on Warrior Met Coal in a research report on Thursday, April 20th. They issued a “mkt perform” rating and a $22.00 price objective on the stock. MKM Partners assumed coverage on Warrior Met Coal in a research report on Wednesday, July 12th. They issued a “neutral” rating and a $18.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued an “overweight” rating and a $27.00 price objective on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Warrior Met Coal currently has an average rating of “Buy” and an average price target of $22.70.
Warrior Met Coal (HCC) opened at 19.55 on Tuesday. The stock has a 50 day moving average of $17.82 and a 200 day moving average of $17.80. Warrior Met Coal has a one year low of $15.10 and a one year high of $25.38. The company has a market cap of $1.05 billion and a PE ratio of 8.67.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, May 18th. The company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.24. The company had revenue of $253.96 million for the quarter, compared to analysts’ expectations of $363.34 million. On average, analysts anticipate that Warrior Met Coal will post $4.08 earnings per share for the current fiscal year.
In other news, Director Alan H. Schumacher purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $17.99 per share, with a total value of $53,970.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at $53,970. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by corporate insiders.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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