Warrior Met Coal (NYSE:HCC) Stock Price Up 9.1% – Should You Buy?

Warrior Met Coal, Inc. (NYSE:HCC) shares traded up 9.1% during trading on Tuesday . The stock traded as high as $44.93 and last traded at $44.58. 90,334 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 765,235 shares. The stock had previously closed at $40.87.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HCC. Jefferies Financial Group reduced their price objective on shares of 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. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, B. Riley decreased their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Warrior Met Coal Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The company has a 50 day simple moving average of $48.49 and a 200-day simple moving average of $56.82. The firm has a market cap of $2.30 billion, a PE ratio of 9.14 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid 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 yield of 0.73%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 6.68%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. River Road Asset Management LLC increased its holdings in Warrior Met Coal by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after purchasing an additional 18,031 shares during the period. Geode Capital Management LLC grew its position 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 worth $77,232,000 after buying an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after buying an additional 83,331 shares during the period. Hosking Partners LLP raised its holdings in shares of Warrior Met Coal by 9.6% during the fourth quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock valued at $28,467,000 after acquiring an additional 45,868 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Warrior Met Coal in the fourth quarter worth $1,300,000. 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.