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

Shares of Warrior Met Coal, Inc. (NYSE:HCC) reached a new 52-week low during trading on Friday . The stock traded as low as $50.40 and last traded at $50.71, with a volume of 213546 shares traded. The stock had previously closed at $52.43.

Analyst Ratings Changes

HCC has been the subject of a number of research reports. B. Riley upped their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group dropped 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 report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.60.

Warrior Met Coal Stock Performance

The business’s fifty day moving average is $62.75 and its two-hundred day moving average is $62.50. The stock has a market capitalization of $2.64 billion, a PE ratio of 6.98 and a beta of 1.09. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The business had revenue of $327.72 million during the quarter, compared to analysts’ expectations of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business’s revenue was down 22.6% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

Several large investors have recently added to or reduced their stakes in HCC. Victory Capital Management Inc. raised its stake in shares of Warrior Met Coal by 26.6% in the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after acquiring an additional 10,972 shares during the period. Geode Capital Management LLC raised its position in 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 purchasing an additional 13,650 shares during the period. Citigroup Inc. raised its position in Warrior Met Coal by 61.4% in the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after purchasing an additional 33,272 shares during the period. JPMorgan Chase & Co. lifted its stake in Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after purchasing an additional 83,331 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Warrior Met Coal by 4.3% during the third quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock valued at $13,781,000 after buying an additional 8,802 shares during the period. 92.28% of the stock is 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.