With over 0.45 million Warrior Met Coal Inc (HCC) shares trading Friday and a closing price of $61.80 on the day, the dollar volume was approximately $27.74 million. The shares have shown a positive half year performance of 65.33% and its price on 12/22/23 gained nearly 0.64%. Currently, there are 51.65M common shares owned by the public and among those 51.29M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for HCC have a consensus price objective of $60.40. The analysts have set the share’s price value over the next 12 months at a high of $67.00 and a low of $50.00. The average price target is -2.32% below its recent price level and a downside to the estimated low will see the stock lose -23.6% over that period. But an upside of 7.76% will see the stock hit the forecast high price target while median target price for the stock is $60.00.
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Insiders at the company have transacted a total of 61 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 459,100 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 271,317 shares.
Shares of Warrior Met Coal Inc (NYSE: HCC) opened at $61.79, up $0.38 from a prior closing price of $61.41. However, the script later moved the day high at 62.41, up 0.64%. The company’s stock has a 5-day price change of 8.88% and 32.02% over the past three months. HCC shares are trading 82.77% year to date (YTD), with the 12-month market performance up to 72.65% higher. It has a 12-month low price of $30.30 and touched a high of $62.50 over the same period. HCC has an average intraday trading volume of 728.76K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.75%, 18.18%, and 45.33% respectively.
Institutional ownership of Warrior Met Coal Inc (NYSE: HCC) shares accounts for 91.06% of the company’s 51.65M shares outstanding.
It has a market capitalization of $3.21B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 7.15, while the earnings-per-share (ttm) stands at $8.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.24% over the week and 3.30% over the month.
Analysts forecast that Warrior Met Coal Inc (HCC) will achieve an EPS of $2.21 for the current quarter, $2.39 for the next quarter and $7.8 for 2024. The lowest estimate earnings-per-share for the quarter is $1.83 while analysts give the company a high EPS estimate of $2.75. Comparatively, EPS for the current quarter was $1.9 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.11%, and -12.39% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Warrior Met Coal Inc (HCC) as a “Moderate Buy” at a consensus score of 2.33. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 4 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HCC, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on September 23, 2022, with the firm’s price target at $48-$50.
