B. Riley Forecasts Weaker Earnings for Warrior Met Coal

Warrior Met Coal, Inc. (NYSE:HCC - Free Report) - B. Riley cut their FY2024 earnings estimates for Warrior Met Coal in a research report issued on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the company will post earnings of $5.30 per share for the year, down from their previous forecast of $5.62. B. Riley has a "Buy" rating and a $90.00 price objective on the stock. The consensus estimate for Warrior Met Coal's current full-year earnings is $5.30 per share. B. Riley also issued estimates for Warrior Met Coal's FY2026 earnings at $10.84 EPS.

Separately, Jefferies Financial Group dropped their target price on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Warrior Met Coal has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Warrior Met Coal Stock Up 2.6 %

NYSE:HCC traded up $1.33 during mid-day trading on Friday, hitting $53.01. The company had a trading volume of 328,446 shares, compared to its average volume of 650,196. The business has a fifty day simple moving average of $57.87 and a 200-day simple moving average of $60.73. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 7.33 and a beta of 1.07. Warrior Met Coal has a 1 year low of $49.97 and a 1 year high of $75.53. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09.

Institutional Trading of Warrior Met Coal

Several large investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in Warrior Met Coal by 26.6% in the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company's stock valued at $3,341,000 after acquiring an additional 10,972 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Warrior Met Coal by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock valued at $77,232,000 after purchasing an additional 13,650 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 83,331 shares during the last quarter. Citigroup Inc. grew its stake in Warrior Met Coal by 61.4% in 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. Finally, Principal Financial Group Inc. increased its holdings in Warrior Met Coal by 3.8% in the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company's stock valued at $19,062,000 after buying an additional 10,787 shares during the last quarter. 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.