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

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

Analysts Set New Price Targets

Several research firms have recently commented on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Jefferies Financial Group cut their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, B. Riley lowered their price target on shares of 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Stock Down 6.6 %

The firm has a market cap of $2.29 billion, a PE ratio of 9.10 and a beta of 0.80. 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 firm’s 50 day moving average is $50.13 and its 200-day moving average is $57.50.

Warrior Met Coal (NYSE:HCC) last posted its quarterly 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). The business had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, equities 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.73%. Warrior Met Coal’s dividend payout ratio is presently 6.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HCC. River Road Asset Management LLC lifted its position in Warrior Met Coal by 2.1% during the fourth quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after buying an additional 18,031 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Warrior Met Coal by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after acquiring an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Warrior Met Coal by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after acquiring an additional 83,331 shares in the last quarter. Hosking Partners LLP lifted its stake in Warrior Met Coal by 9.6% during the fourth quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after purchasing an additional 45,868 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Warrior Met Coal during the fourth quarter valued at $1,300,000. Institutional investors and hedge funds 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.