Brokerages Set Warrior Met Coal LLC (HCC) PT at $25.70

Warrior Met Coal LLC (NYSE:HCC) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $25.70.

Several research analysts recently issued reports on the stock. B. Riley reissued a “neutral” rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, September 5th. Royal Bank of Canada set a $27.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Tuesday, October 10th. FBR & Co raised their target price on shares of Warrior Met Coal from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. Finally, ValuEngine raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

Shares of Warrior Met Coal (NYSE:HCC) traded up $0.26 during trading on Thursday, hitting $25.91. 373,697 shares of the company traded hands, compared to its average volume of 1,280,000. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $30.49. The stock has a market capitalization of $1,400.00 and a PE ratio of 3.49.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, November 9th. The company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The firm had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The business’s revenue for the quarter was up 489.8% on a year-over-year basis. analysts expect that Warrior Met Coal will post 7.76 EPS for the current year.

In other news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen D. Williams sold 18,742 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total transaction of $524,776.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $560,000. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal during the third quarter worth about $135,000. First Mercantile Trust Co. acquired a new position in Warrior Met Coal during the second quarter worth about $131,000. Invictus RG acquired a new position in Warrior Met Coal during the third quarter worth about $257,000. The Manufacturers Life Insurance Company acquired a new position in Warrior Met Coal during the second quarter worth about $219,000. Finally, Tudor Investment Corp ET AL acquired a new position in Warrior Met Coal during the second quarter worth about $223,000. 96.53% of the stock is owned by institutional investors and hedge funds.

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About Warrior Met Coal

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.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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