Warrior Met Coal (NYSE:HCC) Sets New 12-Month Low – Here’s What Happened

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HCC shares. Jefferies Financial Group reduced their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. B. Riley decreased their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Stock Performance

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

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, February 13th. The company reported $0.15 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 the consensus estimate of $331.70 million. As a group, research analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth $43,000. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 279 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Warrior Met Coal by 304.1% during the fourth 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 during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock valued at $89,000 after buying an additional 1,456 shares during the period. 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.