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, July 18th.
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 equities research analysts also recently weighed in on the stock. FBR & Co initiated coverage on shares of Warrior Met Coal in a research note on Thursday, April 20th. They issued a “mkt perform” rating and a $22.00 target price on the stock. Morgan Stanley initiated coverage on shares of Warrior Met Coal in a research note on Monday, May 8th. They issued an “overweight” rating and a $27.00 target price on the stock. BMO Capital Markets began coverage on shares of Warrior Met Coal in a research note on Monday, May 8th. They issued a “buy” rating and a $24.00 target price on the stock. Clarkson Capital restated a “buy” rating and issued a $33.00 price target on shares of Warrior Met Coal in a report on Monday, May 8th. Finally, Royal Bank Of Canada began coverage on shares of Warrior Met Coal in a report on Monday, May 8th. They issued an “outperform” rating and a $25.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Warrior Met Coal presently has an average rating of “Buy” and a consensus price target of $22.60.
Shares of Warrior Met Coal (NYSE HCC) opened at 21.24 on Tuesday. The firm has a 50-day moving average of $18.35 and a 200 day moving average of $18.01. Warrior Met Coal has a 1-year low of $15.10 and a 1-year high of $25.38. The stock has a market capitalization of $1.14 billion and a PE ratio of 9.42.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, May 18th. The company reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.24. The business had revenue of $253.96 million for the quarter, compared to analysts’ expectations of $363.34 million. Analysts predict that Warrior Met Coal will post $4.08 EPS for the current year.
In other news, Director Alan H. Schumacher purchased 3,000 shares of the stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average cost of $17.99 per share, for a total transaction of $53,970.00. Following the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $53,970. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.15% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in Warrior Met Coal stock. Skylands Capital LLC acquired a new stake in shares of Warrior Met Coal Inc. (NYSE:HCC) during the second quarter, according to its most recent filing with the SEC. The fund acquired 167,550 shares of the company’s stock, valued at approximately $2,870,000. Skylands Capital LLC owned approximately 0.31% of Warrior Met Coal as of its most recent SEC filing.
About Warrior Met Coal
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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