B. Riley Issues Pessimistic Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC) had its price objective reduced by stock analysts at B. Riley from $90.00 to $86.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 72.57% from the company’s previous close.

HCC has been the topic of several other research reports. Jefferies Financial Group lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Stock Down 1.1 %

NYSE:HCC opened at $49.84 on Tuesday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.40 and a beta of 1.07. Warrior Met Coal has a twelve month low of $48.89 and a twelve month high of $75.53. The stock’s 50 day moving average price is $54.21 and its two-hundred day moving average price is $59.50. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.34). The company had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. Equities research analysts expect that Warrior Met Coal will post 5.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HCC. T. Rowe Price Investment Management Inc. grew its holdings in Warrior Met Coal by 272.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company’s stock valued at $108,171,000 after buying an additional 1,458,279 shares in the last quarter. Dalal Street LLC grew its holdings in Warrior Met Coal by 144.1% in the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company’s stock valued at $92,461,000 after buying an additional 1,006,263 shares in the last quarter. Maple Rock Capital Partners Inc. grew its holdings in Warrior Met Coal by 193.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock valued at $93,357,000 after buying an additional 963,892 shares in the last quarter. Merewether Investment Management LP grew its holdings in Warrior Met Coal by 441.9% in the 3rd quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock valued at $50,692,000 after buying an additional 646,900 shares in the last quarter. Finally, Silver Point Capital L.P. acquired a new position in Warrior Met Coal in the 4th quarter valued at $34,985,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.