|Ask||17.80 x 300|
|Day's Range||17.05 - 17.41|
|52 Week Range||0.12 - 19.08|
|PE Ratio (TTM)||-1.30|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Warrior Met Coal (HCC:NYSE) By Morgan Stanley ($17.58, May 8, 2017) We are initiating coverage of Warrior Met Coal with an Overweight rating and $27 price target for 54% upside. The stock is pricing in $120 per-ton metallurgical coal, below both our three-year estimate of $135 a ton (estimated average of 2017-2019) and spot of $212 a ton. Warrior bought the best-quality mines from the now-bankrupt Walter Energy and is ramping them up to produce 6.6 million tons (mnt) of met coal in 2018, up from 3.5 mnt in 2016 (capacity of about 7.5 mnt).
Great Britain on Friday had a 24-your period without using coal to generate electricity, according to officials at the power transmission network serving England, Scotland and Wales.
Six IPOs successfully entered the public markets last week, raising about $1.2 billion. A single IPO is scheduled for this week for a company that provides water services to US oil & gas producers.