Warrior Met Coal (NYSE:HCC) Reaches New 12-Month Low – Here’s Why

Warrior Met Coal, Inc. (NYSE:HCC) hit a new 52-week low on Monday . The company traded as low as $45.16 and last traded at $44.99, with a volume of 128102 shares traded. The stock had previously closed at $46.75.

Analyst Ratings Changes

HCC has been the topic of several analyst reports. B. Riley lowered their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $74.00.

Warrior Met Coal Trading Up 3.5 %

The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.56 billion, a PE ratio of 10.17 and a beta of 1.10. The stock has a 50 day moving average price of $51.96 and a 200-day moving average price of $58.41.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. Sell-side analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm 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. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new position in Warrior Met Coal during the fourth quarter valued at $43,000. GAMMA Investing LLC raised its stake in shares of Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the period. Quadrant Capital Group LLC raised its stake 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 buying an additional 279 shares during the period. Smartleaf Asset Management LLC lifted its position 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 buying an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock valued at $89,000 after acquiring an additional 1,456 shares during the period. Institutional investors own 92.28% of the company’s stock.

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.