Warrior Met Coal (NYSE:HCC) Hits New 52-Week Low – What’s Next?

Warrior Met Coal, Inc. (NYSE:HCC)’s share price hit a new 52-week low on Thursday . The stock traded as low as $43.27 and last traded at $43.72, with a volume of 88082 shares trading hands. The stock had previously closed at $46.69.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. B. Riley cut their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. 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 report on Monday, January 6th. Finally, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Trading Down 7.8 %

The business’s 50-day simple moving average is $49.60 and its 200-day simple moving average is $57.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 8.46 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. On average, research analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 6.68%.

Institutional Trading of Warrior Met Coal

Institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new stake in Warrior Met Coal in the fourth quarter valued at approximately $43,000. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after acquiring an additional 279 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after purchasing an additional 1,456 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Company Profile

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.