Warrior Met Coal (NYSE:HCC) Shares Up 6.3% - Here's Why

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s stock price was up 6.3% during trading on Monday . The stock traded as high as $53.64 and last traded at $53.60. Approximately 676,240 shares traded hands during trading, a decline of 10% from the average daily volume of 752,989 shares. The stock had previously closed at $50.43.

Wall Street Analyst Weigh In

Several brokerages recently commented on HCC. B. Riley boosted their price target on Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group dropped their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.60.

Warrior Met Coal Trading Up 6.6 %

The business has a fifty day moving average price of $62.75 and a two-hundred day moving average price of $62.50. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.81 billion, a PE ratio of 7.43 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. During the same period in the previous year, the firm earned $1.85 EPS. The business's revenue was down 22.6% on a year-over-year basis. Analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently modified their holdings of HCC. Victory Capital Management Inc. grew its position in Warrior Met Coal by 26.6% in the 3rd 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 holdings 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 3rd 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. lifted its position in shares of Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company's stock worth $5,587,000 after purchasing an additional 33,272 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Warrior Met Coal by 4.3% in the third quarter. Empowered Funds LLC now owns 215,667 shares of the company's stock valued at $13,781,000 after buying an additional 8,802 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

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.

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