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

Warrior Met Coal, Inc. (NYSE:HCC) hit a new 52-week low on Monday . The stock 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.

Wall Street Analysts Forecast Growth

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

Warrior Met Coal Trading Down 1.8 %

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 business has a 50 day simple moving average of $52.22 and a 200-day simple moving average of $58.55. The stock has a market capitalization of $2.41 billion, a P/E ratio of 9.58 and a beta of 1.10.

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

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.70%. Warrior Met Coal’s payout ratio is currently 6.68%.

Institutional Trading of Warrior Met Coal

A number of large investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its holdings in shares of Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company’s stock valued at $294,000 after purchasing an additional 260 shares during the last quarter. Graham Capital Wealth Management LLC boosted its holdings in shares of Warrior Met Coal by 0.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock worth $2,594,000 after buying an additional 273 shares during the period. Sanctuary Advisors LLC increased its position in shares of Warrior Met Coal by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock worth $577,000 after acquiring an additional 276 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after acquiring an additional 279 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Warrior Met Coal by 5.6% in the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company’s stock valued at $319,000 after acquiring an additional 314 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

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.