Benchmark Reiterates “Hold” Rating for Warrior Met Coal (NYSE:HCC)

Warrior Met Coal (NYSE:HCC)‘s stock had its “hold” rating reiterated by investment analysts at Benchmark in a research report issued to clients and investors on Friday,Benzinga reports.

Several other equities research analysts also recently commented on the company. Jefferies Financial Group reduced their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. B. Riley raised their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.00.

Warrior Met Coal Stock Down 7.6 %

Shares of HCC traded down $4.12 during mid-day trading on Friday, reaching $49.97. The company had a trading volume of 1,113,939 shares, compared to its average volume of 692,351. Warrior Met Coal has a 52 week low of $49.51 and a 52 week high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 6.90 and a beta of 1.07. The firm has a 50-day moving average price of $55.32 and a 200 day moving average price of $59.99.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. On average, sell-side analysts forecast that Warrior Met Coal will post 5.3 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dauntless Investment Group LLC purchased a new position in shares of Warrior Met Coal in the fourth quarter valued at $607,000. Integrated Wealth Concepts LLC bought a new position in Warrior Met Coal during the fourth quarter valued at $2,774,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Warrior Met Coal by 6.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 160,000 shares of the company’s stock worth $8,678,000 after buying an additional 10,000 shares in the last quarter. White Oak Capital Partners Pte. Ltd. bought a new stake in shares of Warrior Met Coal in the 4th quarter worth about $445,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Warrior Met Coal by 272.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company’s stock worth $108,171,000 after buying an additional 1,458,279 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.