Warrior Met Coal (NYSE:HCC) Trading 6.3% Higher - What's Next?

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

Analyst Ratings Changes

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

Warrior Met Coal Trading Up 0.8 %

The company has a fifty day simple moving average of $62.23 and a 200-day simple moving average of $62.38. 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 stock has a market cap of $2.82 billion, a price-to-earnings ratio of 7.44 and a beta of 1.09.

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

Institutional Trading of Warrior Met Coal

Several institutional investors and hedge funds have recently bought and sold shares of HCC. Choreo LLC purchased a new position in Warrior Met Coal during the 2nd quarter valued at about $207,000. Massachusetts Financial Services Co. MA grew its stake in Warrior Met Coal by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 22,288 shares of the company's stock valued at $1,399,000 after acquiring an additional 2,050 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Warrior Met Coal by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company's stock valued at $116,937,000 after acquiring an additional 45,950 shares in the last quarter. Renaissance Technologies LLC grew its stake in Warrior Met Coal by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company's stock valued at $94,242,000 after acquiring an additional 62,200 shares in the last quarter. Finally, Wulff Hansen & CO. grew its stake in Warrior Met Coal by 6,177.0% during the 2nd quarter. Wulff Hansen & CO. now owns 331,551 shares of the company's stock valued at $20,811,000 after acquiring an additional 326,269 shares in the last quarter. Institutional investors and hedge funds 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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