Warrior Met Coal Inc. (NYSE:HCC) has been assigned a $26.00 price target by equities researchers at FBR & Co in a research report issued to clients and investors on Wednesday. The brokerage presently has a “hold” rating on the stock. FBR & Co’s price objective would indicate a potential upside of 11.64% from the company’s current price.
A number of other equities analysts have also recently issued reports on HCC. Royal Bank Of Canada restated a “buy” rating and issued a $25.00 target price on shares of Warrior Met Coal in a report on Tuesday, June 13th. Morgan Stanley cut Warrior Met Coal from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $27.00 to $17.00 in a report on Tuesday, June 27th. Zacks Investment Research cut Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, MKM Partners started coverage on Warrior Met Coal in a report on Wednesday, July 12th. They issued a “neutral” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.82.
Shares of Warrior Met Coal (NYSE:HCC) opened at 23.29 on Wednesday. The stock has a market capitalization of $1.24 billion and a P/E ratio of 0.37. Warrior Met Coal has a 12 month low of $15.10 and a 12 month high of $27.62. The stock has a 50 day moving average price of $24.91 and a 200 day moving average price of $20.69.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, August 3rd. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.59. The company had revenue of $363.37 million during the quarter, compared to analyst estimates of $321.75 million. On average, analysts anticipate that Warrior Met Coal will post $4.08 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. GeoSphere Capital Management acquired a new stake in shares of Warrior Met Coal in the second quarter worth $260,000. California State Teachers Retirement System acquired a new stake in shares of Warrior Met Coal in the second quarter worth $510,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Warrior Met Coal in the second quarter worth $219,000. Caspian Capital LP acquired a new stake in shares of Warrior Met Coal in the second quarter worth $37,651,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Warrior Met Coal in the second quarter worth $335,000. 97.25% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Warrior Met Coal Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal Inc. and related companies with MarketBeat.com's FREE daily email newsletter.