Warrior Met Coal (NYSE:HCC) Sets New 12-Month Low – Time to Sell?

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $47.44 and last traded at $48.13, with a volume of 1080525 shares trading hands. The stock had previously closed at $49.89.

Analyst Ratings Changes

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

Warrior Met Coal Price Performance

The stock’s 50 day simple moving average is $53.59 and its 200-day simple moving average is $59.31. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 9.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s payout ratio is presently 6.68%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Warrior Met Coal by 26.6% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in 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 valued at $77,232,000 after purchasing an additional 13,650 shares during the period. JPMorgan Chase & Co. increased 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 valued at $42,904,000 after buying an additional 83,331 shares in the last quarter. Citigroup Inc. raised its stake in shares of Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after buying an additional 33,272 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Warrior Met Coal by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock worth $19,062,000 after buying an additional 10,787 shares during the period. 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.