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HCC

Warrior Met Coal, Inc.

https://warriormetcoal.com

Industry

Coal

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.

Open

66.06

Mkt cap

3.6B

Volume

548K

High

68.65

P/E Ratio

9.44

52-wk high

75.53

Low

66.06

Div yield

0.01

52-wk low

50.60

Coal company shares are declining due to a drop in coal prices, influenced by economic contraction signals from August's ISM Manufacturing PMI data and anticipation of non-farm payrolls data affecting future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:57 pm

The article discusses the contrasting fortunes of the coal and clean energy sectors. The First Trust Global Wind Energy ETF (FAN) has seen gains, while the coal industry faces setbacks despite some continued global demand. The Range Global Coal Index ETF (COAL) was launched this year, showing modest gains. Major coal companies like Peabody Energy (BTU) and Arch Resources (ARCH) have had mixed performances. Clean energy ETFs like iShares Global Clean Energy (ICLN) and Invesco Solar (TAN) have struggled, while Tesla (TSLA) might be poised for a rebound.

Portfolio Pulse from Natan Ponieman

August 16, 2024 | 8:14 pm

Benchmark analyst Nathan Martin has reiterated a Hold rating on Warrior Met Coal (NYSE:HCC).

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:30 pm

B. Riley Securities has maintained its Buy rating on Warrior Met Coal (NYSE:HCC) and raised the price target from $91 to $92.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 4:02 pm

Warrior Met Coal shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:16 pm

Warrior Met Coal has reaffirmed its capital expenditures for the fiscal year 2024, which are expected to be in the range of $100 million to $110 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:42 pm

Warrior Met Coal (NYSE:HCC) reported Q2 2024 adjusted EPS of $1.35, beating the estimate of $1.33. Sales were $396.524M, surpassing the $380.544M estimate and showing a 4.44% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:38 pm

Coal prices are expected to rise in late summer and fall due to supply outages in Australia and the US. Key incidents include mine fires in Australia and West Virginia, and a lock and dam closure in Alabama. These disruptions will tighten supply, potentially benefiting coal producers like Anglo American, Peabody Energy, Warrior Met Coal, Alpha Metallurgical Resources, and Whitehaven Coal.

Portfolio Pulse from Matt Whittaker

July 22, 2024 | 6:31 pm

Warrior Met Coal (NYSE:HCC) has seen a 44.2% increase in short interest, with 3.98 million shares sold short, representing 10.57% of its float. This is higher than the peer group average of 5.80%. It would take traders 3.94 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 2:30 pm

Analysts have provided mixed evaluations for Warrior Met Coal (NYSE:HCC) over the past three months, with a majority being bullish. The average 12-month price target has increased to $80.75. Key analysts have adjusted their ratings and price targets, reflecting their evolving perceptions of the company. Despite a recent revenue decline, Warrior Met Coal shows strong financial performance with high net margins, ROE, and ROA, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 3:00 pm

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