Warrior Met Coal (NYSE:HCC) Shares Gap Down Following Weak Earnings

Warrior Met Coal, Inc. (NYSE:HCC) gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $54.09, but opened at $50.78. Warrior Met Coal shares last traded at $52.13, with a volume of 355,990 shares changing hands.

The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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 reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday. Finally, B. Riley raised their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.00.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in Warrior Met Coal by 26.6% during the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock valued at $3,341,000 after purchasing an additional 10,972 shares during the last quarter. Geode Capital Management LLC lifted its position in Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 83,331 shares during the last quarter. Citigroup Inc. lifted its position in Warrior Met Coal by 61.4% during the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after purchasing an additional 33,272 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Warrior Met Coal by 3.8% during the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after purchasing an additional 10,787 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Down 8.1 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The company’s 50-day simple moving average is $55.04 and its 200 day simple moving average is $59.87. The firm has a market cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07.

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.