Warrior Met Coal Inc. (NYSE:HCC) – Investment analysts at FBR & Co increased their FY2017 EPS estimates for shares of Warrior Met Coal in a research report issued to clients and investors on Tuesday. FBR & Co analyst L. Pipes now anticipates that the company will post earnings per share of $7.92 for the year, up from their previous estimate of $7.47. FBR & Co currently has a “Hold” rating and a $26.00 price target on the stock.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.59. The firm had revenue of $363.37 million for the quarter, compared to the consensus estimate of $321.75 million.
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Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, August 10th. MKM Partners began coverage on shares of Warrior Met Coal in a research report on Wednesday, July 12th. They set a “neutral” rating and a $18.00 price target for the company. Morgan Stanley lowered shares of Warrior Met Coal from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $27.00 to $17.00 in a research report on Tuesday, June 27th. Citigroup Inc. increased their price target on shares of Warrior Met Coal from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Finally, Seaport Global Securities lowered shares of Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Warrior Met Coal currently has an average rating of “Hold” and an average target price of $25.45.
Warrior Met Coal (HCC) traded up 1.8704% during mid-day trading on Wednesday, reaching $27.1892. 799,619 shares of the company’s stock were exchanged. The company’s 50-day moving average is $24.46 and its 200 day moving average is $20.78. The firm has a market capitalization of $1.45 billion and a P/E ratio of 0.4340. Warrior Met Coal has a one year low of $15.10 and a one year high of $27.62.
Large investors have recently modified their holdings of the stock. Franklin Resources Inc. acquired a new position in Warrior Met Coal in the 2nd quarter worth approximately $82,178,000. Silver Point Capital L.P. acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $14,495,000. Rhumbline Advisers acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $343,000. Caspian Capital LP acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $37,651,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $3,127,000. Institutional investors own 97.25% of the company’s stock.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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