Jefferies Financial Group Cuts Warrior Met Coal (NYSE:HCC) Price Target to $65.00

Warrior Met Coal (NYSE:HCC) had its price objective decreased by Jefferies Financial Group from $75.00 to $65.00 in a report published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, B. Riley upped their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.60.

Warrior Met Coal Stock Up 0.2 %

HCC opened at $52.46 on Monday. The stock has a market capitalization of $2.74 billion, a P/E ratio of 7.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The business’s 50-day simple moving average is $63.25 and its 200-day simple moving average is $62.64. Warrior Met Coal has a one year low of $50.60 and a one year 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, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. During the same period in the prior year, the business posted $1.85 earnings per share. The firm’s revenue for the quarter was down 22.6% compared to the same quarter last year. Analysts anticipate that Warrior Met Coal will post 5.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Warrior Met Coal by 26.6% during the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock worth $3,341,000 after purchasing an additional 10,972 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after acquiring an additional 13,650 shares during the period. Citigroup Inc. increased its position in shares of Warrior Met Coal by 61.4% during the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after purchasing an additional 33,272 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after acquiring an additional 83,331 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Warrior Met Coal by 4.3% in the 3rd quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock valued at $13,781,000 after purchasing an additional 8,802 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.