Warrior Met Coal (NYSE:HCC)‘s stock had its “hold” rating restated by equities researchers at B. Riley in a research note issued on Wednesday, January 17th. They currently have a $28.00 price objective on the stock. B. Riley’s price objective indicates a potential upside of 4.32% from the stock’s current price. B. Riley also issued estimates for Warrior Met Coal’s Q4 2017 earnings at $0.78 EPS, Q4 2017 earnings at $1.40 EPS, FY2017 earnings at $8.43 EPS, FY2017 earnings at $7.81 EPS, Q1 2018 earnings at $3.04 EPS, Q3 2018 earnings at $1.41 EPS, FY2018 earnings at $6.97 EPS and FY2020 earnings at $2.60 EPS.
HCC has been the subject of several other reports. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 7th. ValuEngine downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. FBR & Co set a $26.00 target price on Warrior Met Coal and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Seaport Global Securities downgraded Warrior Met Coal from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 18th. Finally, Royal Bank of Canada downgraded Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 target price for the company. in a research note on Monday, December 4th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Warrior Met Coal currently has a consensus rating of “Hold” and an average price target of $26.67.
Warrior Met Coal (NYSE HCC) traded up $0.12 during mid-day trading on Wednesday, reaching $26.84. The company’s stock had a trading volume of 908,426 shares, compared to its average volume of 546,270. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $30.49.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.01. The firm had revenue of $312.00 million during the quarter, compared to the consensus estimate of $301.89 million. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The firm’s quarterly revenue was up 489.8% on a year-over-year basis. equities research analysts predict that Warrior Met Coal will post 8 EPS for the current year.
In other Warrior Met Coal news, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total value of $524,776.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $560,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total value of $86,689.02. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in Warrior Met Coal by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after acquiring an additional 3,289 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Warrior Met Coal by 5.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 66,325 shares of the company’s stock worth $1,564,000 after acquiring an additional 3,673 shares during the last quarter. Strs Ohio grew its position in Warrior Met Coal by 18.9% during the 4th quarter. Strs Ohio now owns 34,000 shares of the company’s stock worth $855,000 after acquiring an additional 5,400 shares during the last quarter. Quantbot Technologies LP bought a new stake in Warrior Met Coal during the 3rd quarter worth $135,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Warrior Met Coal during the 4th quarter worth $206,000. 98.61% of the stock is owned by institutional investors.
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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