Seaport Global Securities Analysts Raise Earnings Estimates for Warrior Met Coal Inc. (NYSE:HCC)

Warrior Met Coal Inc. (NYSE:HCC) – Investment analysts at Seaport Global Securities boosted their FY2017 EPS estimates for shares of Warrior Met Coal in a research note issued on Tuesday. Seaport Global Securities analyst M. Levin now expects that the company will earn $5.15 per share for the year, up from their previous forecast of $4.98. Seaport Global Securities currently has a “Buy” rating and a $21.00 target price on the stock.

A number of other equities research analysts have also weighed in on the stock. FBR & Co boosted their price objective on shares of Warrior Met Coal from $20.00 to $21.00 and gave the company a “mkt perform” rating in a report on Friday. Zacks Investment Research lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. MKM Partners assumed coverage on shares of Warrior Met Coal in a report on Wednesday, July 12th. They set a “neutral” rating and a $18.00 price objective on the stock. Morgan Stanley lowered shares of Warrior Met Coal from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $17.00 in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $25.00 price target on shares of Warrior Met Coal in a report on Tuesday, June 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.60.

COPYRIGHT VIOLATION WARNING: “[[title]]” was reported by [[site]] and is the sole property of of [[site]]. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at [[permalink]].

Warrior Met Coal (NYSE HCC) opened at 19.31 on Friday. Warrior Met Coal has a one year low of $15.10 and a one year high of $25.38. The company has a market capitalization of $1.03 billion and a PE ratio of 8.57. The company has a 50-day moving average price of $17.88 and a 200-day moving average price of $17.83.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, May 18th. The company reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.24. The company had revenue of $253.96 million during the quarter, compared to the consensus estimate of $363.34 million.

An institutional investor recently bought a new position in Warrior Met Coal stock. Skylands Capital LLC purchased a new stake in shares of Warrior Met Coal Inc. (NYSE:HCC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 167,550 shares of the company’s stock, valued at approximately $2,870,000. Skylands Capital LLC owned 0.31% of Warrior Met Coal as of its most recent SEC filing.

In other Warrior Met Coal news, Director Alan H. Schumacher purchased 3,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were bought at an average cost of $17.99 per share, with a total value of $53,970.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at $53,970. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.