November 11, 2018 - Warrior Met Coal (NYSE:HCC) was upgraded by stock analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a $37.00 target price on the stock, up from their previous target price of $31.00. MKM Partners’ price objective indicates a potential upside of 46.53% from the stock’s previous close.

A number of other equities research analysts have also weighed in on HCC. Citigroup boosted their price objective on shares of Warrior Met Coal from $25.87 to $33.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 14th. ValuEngine lowered shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Royal Bank of Canada set a $34.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a report on Thursday, August 2nd. Finally, B. Riley upped their price target on shares of Warrior Met Coal from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $31.75.

NYSE HCC traded up $0.02 on Thursday, hitting $25.25. The stock had a trading volume of 909,744 shares, compared to its average volume of 890,475. The company has a current ratio of 2.73, a quick ratio of 2.23 and a debt-to-equity ratio of 1.27. Warrior Met Coal has a 52-week low of $18.56 and a 52-week high of $33.72. The firm has a market capitalization of $1.37 billion, a P/E ratio of 3.20 and a beta of 0.48.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $278.46 million. Warrior Met Coal had a net margin of 33.38% and a return on equity of 94.17%. Warrior Met Coal’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period last year, the firm earned $2.27 earnings per share. As a group, sell-side analysts predict that Warrior Met Coal will post 8.09 earnings per share for the current fiscal year.

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.29, for a total value of $272,900.00. CEO Walter J. Scheller sold 34,250 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total transaction of $935,710.00. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of HCC. Dimensional Fund Advisors LP purchased a new stake in Warrior Met Coal in the first quarter valued at $920,000. Royal Bank of Canada raised its position in shares of Warrior Met Coal by 10.4% in the first quarter. Royal Bank of Canada now owns 66,744 shares of the company’s stock worth $1,869,000 after acquiring an additional 6,292 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Warrior Met Coal in the first quarter worth about $3,982,000. Nisa Investment Advisors LLC raised its position in shares of Warrior Met Coal by 147.5% in the second quarter. Nisa Investment Advisors LLC now owns 17,450 shares of the company’s stock worth $481,000 after acquiring an additional 10,400 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of Warrior Met Coal in the second quarter worth about $2,028,000.

Warrior Met Coal, Inc produces and exports 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.