Warrior Met Coal (NYSE:HCC) Reaches New 52-Week Low – Should You Sell?

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price reached a new 52-week low during trading on Saturday . The stock traded as low as $49.33 and last traded at $49.69, with a volume of 2347214 shares. The stock had previously closed at $54.09.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HCC. Jefferies Financial Group lowered their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday. Finally, B. Riley boosted their price objective on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and an average price target of $75.00.

Warrior Met Coal Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The company has a market cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07. The firm’s fifty day moving average is $55.04 and its two-hundred day moving average is $59.75.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share 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%. The business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. As a group, analysts anticipate that Warrior Met Coal, Inc. will post 5.3 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 4.42%.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake 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 acquiring an additional 10,972 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Warrior Met Coal by 1.1% in the third 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 last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 83,331 shares in the last quarter. Citigroup Inc. boosted its stake 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 buying an additional 33,272 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Warrior Met Coal by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after buying an additional 10,787 shares in the last quarter. Hedge funds and other institutional investors 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.