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

Warrior Met Coal, Inc. (NYSE:HCC) reached a new 52-week low 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 equities analysts have weighed in on the company. Jefferies Financial Group dropped 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. B. Riley lifted their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three equities 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, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and an average price target of $73.60.

Warrior Met Coal Stock Down 3.1 %

The firm has a 50 day moving average price of $63.04 and a 200-day moving average price of $62.57. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.66 billion, a PE ratio of 7.01 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. The business had revenue of $327.72 million during 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 business’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. Research analysts forecast that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after purchasing an additional 180 shares during the period. GAMMA Investing LLC boosted its position in shares of Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after purchasing an additional 358 shares during the period. KBC Group NV boosted its position in shares of Warrior Met Coal by 29.7% in the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after purchasing an additional 392 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $203,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Warrior Met Coal in the 3rd quarter valued at about $204,000. Hedge funds and other institutional investors 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.