TheStreet Lowers Warrior Met Coal (NYSE:HCC) to C+

Warrior Met Coal (NYSE:HCC) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Wednesday, June 5th, TheStreetRatingsTable reports.

HCC has been the topic of several other reports. Zacks Investment Research upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Royal Bank of Canada set a $33.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a research report on Friday, May 3rd. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. B. Riley set a $33.00 price objective on shares of Warrior Met Coal and gave the company a “hold” rating in a research report on Tuesday, February 26th. Finally, Jefferies Financial Group initiated coverage on shares of Warrior Met Coal in a research report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.78.

Shares of Warrior Met Coal stock traded up $0.37 during trading hours on Wednesday, reaching $26.12. The company’s stock had a trading volume of 2,031,307 shares, compared to its average volume of 944,156. The business’s 50 day moving average price is $26.88. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41. Warrior Met Coal has a one year low of $20.88 and a one year high of $33.49. The stock has a market capitalization of $1.35 billion, a PE ratio of 3.01 and a beta of 0.60.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.55. The company had revenue of $378.30 million for the quarter, compared to the consensus estimate of $326.30 million. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the firm posted $3.36 EPS. Analysts expect that Warrior Met Coal will post 6.53 EPS for the current year.

In other news, CAO Brian M. Chopin sold 8,329 shares of Warrior Met Coal stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $27.41, for a total value of $228,297.89. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jack K. Richardson sold 17,919 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $33.00, for a total transaction of $591,327.00. The disclosure for this sale can be found here. Insiders sold a total of 77,876 shares of company stock worth $2,313,979 in the last ninety days. Corporate insiders own 0.59% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in Warrior Met Coal by 47.4% in the fourth quarter. Rhumbline Advisers now owns 62,402 shares of the company’s stock valued at $1,505,000 after acquiring an additional 20,055 shares during the last quarter. United Services Automobile Association lifted its stake in Warrior Met Coal by 21.5% in the fourth quarter. United Services Automobile Association now owns 57,821 shares of the company’s stock valued at $1,394,000 after acquiring an additional 10,242 shares during the last quarter. HCR Wealth Advisors acquired a new stake in Warrior Met Coal in the first quarter valued at approximately $224,000. Sciencast Management LP acquired a new stake in Warrior Met Coal in the first quarter valued at approximately $227,000. Finally, Stone Ridge Asset Management LLC lifted its stake in Warrior Met Coal by 37.0% in the fourth quarter. Stone Ridge Asset Management LLC now owns 30,557 shares of the company’s stock valued at $737,000 after acquiring an additional 8,249 shares during the last quarter.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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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Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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