Warrior Met Coal (NYSE:HCC) Hits New 12-Month Low – Should You Sell?

Warrior Met Coal, Inc. (NYSE:HCC) shares reached a new 52-week low during trading on Friday . The stock traded as low as $50.40 and last traded at $50.71, with a volume of 213546 shares changing hands. The stock had previously closed at $52.43.

Wall Street Analysts Forecast Growth

Several research firms have commented on HCC. B. Riley upped their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group cut their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and an average target price of $73.60.

Warrior Met Coal Trading Down 3.1 %

The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 7.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The business has a fifty day moving average of $63.04 and a two-hundred day moving average of $62.57.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The business had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company’s revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. As a group, equities analysts expect that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently modified their holdings of HCC. Victory Capital Management Inc. grew its holdings in Warrior Met Coal by 26.6% during the 3rd quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after buying an additional 10,972 shares during the last quarter. Geode Capital Management LLC grew its holdings in Warrior Met Coal by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after buying an additional 13,650 shares during the last quarter. Citigroup Inc. grew its holdings in Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after buying an additional 33,272 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Warrior Met Coal by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after buying an additional 83,331 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Warrior Met Coal by 4.3% during the 3rd quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock valued at $13,781,000 after buying an additional 8,802 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met 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.