Warrior Met Coal (NYSE:HCC) Price Target Raised to $91.00

Warrior Met Coal (NYSE:HCC) had its price objective raised by B. Riley from $87.00 to $91.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley’s target price would suggest a potential upside of 37.40% from the stock’s previous close. B. Riley also issued estimates for Warrior Met Coal’s Q4 2024 earnings at $1.60 EPS, Q1 2025 earnings at $1.81 EPS, Q2 2025 earnings at $1.93 EPS, Q3 2025 earnings at $1.87 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $7.41 EPS, Q1 2026 earnings at $1.87 EPS and FY2026 earnings at $7.69 EPS.

A number of other brokerages have also recently issued reports on HCC. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday. UBS Group started coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average price target of $72.80.

Warrior Met Coal Stock Performance

HCC stock traded up $0.82 during midday trading on Thursday, reaching $66.23. 621,682 shares of the company were exchanged, compared to its average volume of 793,044. Warrior Met Coal has a one year low of $31.97 and a one year high of $71.91. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 7.97 and a beta of 1.05. The business has a 50-day moving average price of $60.90 and a two-hundred day moving average price of $58.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.99.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. During the same quarter last year, the company posted $3.57 EPS. Warrior Met Coal’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts forecast that Warrior Met Coal will post 6.83 EPS for the current year.

Insider Activity

In related news, Director Alan H. Schumacher purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in HCC. SummerHaven Investment Management LLC raised its position in Warrior Met Coal by 1.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock valued at $1,155,000 after purchasing an additional 192 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Warrior Met Coal by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock valued at $1,197,000 after purchasing an additional 279 shares during the last quarter. USA Financial Formulas bought a new position in shares of Warrior Met Coal in the 4th quarter valued at $25,000. Quadrant Capital Group LLC raised its holdings in shares of Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after buying an additional 442 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of Warrior Met Coal during the 3rd quarter worth $32,000. 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.