Jefferies Financial Group Issues Pessimistic Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCC - Get Free Report) had its target price lowered by research analysts at Jefferies Financial Group from $75.00 to $65.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 21.79% from the stock's previous close.

Separately, B. Riley upped their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.60.

Warrior Met Coal Stock Performance

NYSE:HCC traded down $1.21 during mid-day trading on Monday, hitting $53.37. The company's stock had a trading volume of 734,227 shares, compared to its average volume of 662,376. The business's fifty day moving average is $63.64 and its two-hundred day moving average is $62.78. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 7.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. Warrior Met Coal has a 1 year low of $50.60 and a 1 year high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS 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 analyst estimates of $322.21 million. During the same period last year, the company earned $1.85 earnings per share. Warrior Met Coal'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 fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its position in Warrior Met Coal by 2.4% in the second quarter. Arizona State Retirement System now owns 14,640 shares of the company's stock valued at $919,000 after purchasing an additional 344 shares during the period. X Square Capital LLC boosted its stake in Warrior Met Coal by 243.0% during the second quarter. X Square Capital LLC now owns 17,150 shares of the company's stock worth $1,077,000 after buying an additional 12,150 shares during the period. Choreo LLC acquired a new stake in shares of Warrior Met Coal during the second quarter valued at about $207,000. Texas Permanent School Fund Corp increased its position in shares of Warrior Met Coal by 4.6% during the second quarter. Texas Permanent School Fund Corp now owns 47,627 shares of the company's stock valued at $2,990,000 after acquiring an additional 2,101 shares during the last quarter. Finally, Malaga Cove Capital LLC purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $202,000. 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.