The stock of Warrior Met Coal Inc (NYSE:HCC) last traded at $54.99, up 1.36% from the previous session.
Data from the available sources indicates that Warrior Met Coal Inc (NYSE:HCC) is covered by 6 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $48.00, we find $60.00. Given the previous closing price of $54.25, this indicates a potential upside of 10.6 percent. HCC stock price is now 13.06% away from the 50-day moving average and 35.52% away from the 200-day moving average. The market capitalization of the company currently stands at $2.86B.
In total, 4 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $58.00 as their price target over the next twelve months.
With the price target enhanced from $48 to $50, B. Riley Securities Upgraded its rating from Neutral to Buy for Warrior Met Coal Inc (NYSE: HCC).
In other news, Williams Stephen D., Director sold 80,000 shares of the company’s stock on Nov 08. The stock was sold for $3,648,000 at an average price of $45.60. Upon completion of the transaction, the Director now directly owns 21,393 shares in the company, valued at $1.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13, Chief Accounting Officer Chopin Brian M sold 2,816 shares of the business’s stock. A total of $126,720 was realized by selling the stock at an average price of $45.00. This leaves the insider owning 11,187 shares of the company worth $0.62 million. Insiders disposed of 192,249 shares of company stock worth roughly $10.57 million over the past 1 year. A total of 1.41% of the company’s stock is owned by insiders.
With an opening price of $54.00 on Wednesday morning, Warrior Met Coal Inc (NYSE: HCC) set off the trading day. During the past 12 months, Warrior Met Coal Inc has had a low of $30.30 and a high of $54.83. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 7.67, and a quick ratio of 6.91. The fifty day moving average price for HCC is $48.64 and a two-hundred day moving average price translates $40.64 for the stock.
The latest earnings results from Warrior Met Coal Inc (NYSE: HCC) was released for Sep, 2023. According to the Coking Coal Company, earnings per share came in at $1.85, beating analysts’ expectations of $1.4 by 0.45. This compares to $1.90 EPS in the same period last year. The net profit margin was 27.11% and return on equity was 29.06% for HCC. The company reported revenue of $423.49 million for the quarter, compared to $390.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.54 percent. For the current quarter, analysts expect HCC to generate $373.07M in revenue.
Warrior Met Coal Inc(HCC) 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. Warrior Met Coal, Inc. was incorporated in 2015 and is headquartered in Brookwood, Alabama.
