Warrior Met Coal (NYSE:HCC) Price Target Cut to $65.00 by Analysts at Jefferies Financial Group

Warrior Met Coal (NYSE:HCC) had its price target lowered by equities researchers at Jefferies Financial Group from $75.00 to $65.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 19.09% from the company’s current price.

Separately, B. Riley upped their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.60.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock opened at $54.58 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The company has a market cap of $2.86 billion, a PE ratio of 7.54 and a beta of 1.09. The firm has a fifty day moving average price of $63.82 and a two-hundred day moving average price of $62.87. Warrior Met Coal has a fifty-two week low of $50.60 and a fifty-two week high of $75.53.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter last year, the company earned $1.85 earnings per share. The firm’s revenue was down 22.6% on a year-over-year basis. Analysts expect that Warrior Met Coal will post 5.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its position in shares of Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares in the last quarter. KBC Group NV raised its stake in shares of Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after acquiring an additional 392 shares during the last quarter. Malaga Cove Capital LLC bought a new position in shares of Warrior Met Coal in the second quarter valued at approximately $202,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Warrior Met Coal in the 2nd quarter worth approximately $203,000. 92.28% of the stock is currently 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.