Jefferies Maintains a Buy Rating on Warrior Met Coal (HCC)

In a report issued on July 8, Chris LaFemina from Jefferies maintained a Buy rating on Warrior Met Coal (HCCResearch Report), with a price target of $50.00. The company’s shares closed last Wednesday at $29.41.

According to TipRanks.com, LaFemina is a 3-star analyst with an average return of 2.0% and a 45.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, First Quantum Minerals, and Peabody Energy Comm.

Currently, the analyst consensus on Warrior Met Coal is a Strong Buy with an average price target of $45.20, a 59.0% upside from current levels. In a report issued on July 7, B.Riley Financial also maintained a Buy rating on the stock with a $48.00 price target.

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Based on Warrior Met Coal’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $379 million and net profit of $146 million. In comparison, last year the company earned revenue of $214 million and had a GAAP net loss of $21.36 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HCC in relation to earlier this year.

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Warrior Met Coal, Inc engages in the production and export of metallurgical coal. The firm extracts methane gas from the Blue Creek coal seam. It also sells natural gas, which is extracted as a by-product from coal production. The company was founded on September 3, 2015 and is headquartered in Brookwood, AL.

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