Warrior Met Coal Llc Gets a Hold Rating from B.Riley FBR

By Jason Carr

B.Riley FBR analyst Lucas Pipes maintained a Hold rating on Warrior Met Coal Llc (NYSE: HCC) today and set a price target of $28. The company’s shares closed yesterday at $27.38, close to its 52-week high of $28.99.

Pipes noted:

“We are updating our estimates for Warrior Met Coal (HCC) Q4 results, which will be released on February 14, 2018. After tweaking our estimates for the recently released MSHA data in Q4, we expect that HCC will report in-line results, with an adjusted EBITDA of $74 million versus consensus estimates of EBITDA of $69 million. This is up from our original estimate of $49M, as the company significantly out-produced our expectations. Our EPS estimate of $1.40 compares to the Street at $0.90. Relative to Q3, Mine No. 7 output increased 35K short tons and Mine No. 4 output decreased 80K short tons QoQ. Both mines handily beat our expectations. The results were unexpected as HCC guided to three longwall moves in the quarter. We are skeptical of whether all three occurred, as Q4 production was only incrementally, not significantly, below Q1 and Q3 production.”

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 10.2% and a 65.5% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.

Warrior Met Coal Llc has an analyst consensus of Moderate Buy, with a price target consensus of $26.50.

The company has a one-year high of $28.99 and a one-year low of $9.44. Currently, Warrior Met Coal Llc has an average volume of 1.07M.

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Warrior Met Coal, Inc engages in the production and export of metallurgical coal. The firm It extracts methane gas from the Blue Creek coal seam. It operates through the Mining and All Other segments. The company was founded on September 3, 2015 and is headquartered in Brookwood, AL.