Warrior Met Coal (NYSE:HCC) Cut to “Sell” at Wall Street Zen

Warrior Met Coal (NYSE:HCC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a “market perform” rating in a research report on Thursday, August 7th. B. Riley lowered their price target on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Finally, UBS Group boosted their price target on Warrior Met Coal from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.50.

Warrior Met Coal Price Performance

HCC stock opened at $57.91 on Friday. The stock has a 50-day moving average price of $56.37 and a two-hundred day moving average price of $50.24. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.04 billion, a PE ratio of 75.21 and a beta of 0.74.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm had revenue of $297.52 million during the quarter, compared to the consensus estimate of $285.63 million. During the same quarter in the previous year, the business earned $1.35 earnings per share. The firm’s quarterly revenue was down 25.0% compared to the same quarter last year. As a group, research analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Warrior Met Coal by 3.4% in the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company’s stock worth $15,392,000 after buying an additional 10,608 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Warrior Met Coal during the first quarter worth about $334,000. D. E. Shaw & Co. Inc. increased its position in shares of Warrior Met Coal by 14.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company’s stock worth $3,193,000 after acquiring an additional 7,426 shares during the last quarter. Kennondale Capital Management LLC increased its position in shares of Warrior Met Coal by 39.1% during the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock worth $1,841,000 after acquiring an additional 10,839 shares during the last quarter. Finally, Skylands Capital LLC purchased a new stake in shares of Warrior Met Coal during the first quarter worth about $1,312,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.