Warrior Met Coal (NYSE:HCC) Sets New 52-Week Low – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HCC shares. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley lowered their target price 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. Finally, Jefferies Financial Group decreased their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Warrior Met Coal Stock Down 6.6 %

The stock has a 50 day moving average price of $50.13 and a 200 day moving average price of $57.50. The company has a market cap of $2.29 billion, a P/E ratio of 9.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data 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 business had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. Research analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

Institutional Investors Weigh In On Warrior Met Coal

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