Warrior Met Coal (NYSE:HCC) Trading Down 7.3% – Should You Sell?

Warrior Met Coal (NYSE:HCC)’s stock price dropped 7.3% on Friday . The company traded as low as $97.27 and last traded at $96.9550. Approximately 596,553 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 919,696 shares. The stock had previously closed at $104.58.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of analyst reports. Citigroup boosted their price target on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. UBS Group reduced their price target on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.80.

Warrior Met Coal Stock Down 8.3%

The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. The business has a 50 day moving average price of $89.56 and a 200 day moving average price of $87.59. The firm has a market capitalization of $5.06 billion, a P/E ratio of 36.71 and a beta of 0.61.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. On average, analysts predict that Warrior Met Coal will post 6.78 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s payout ratio is currently 12.21%.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its stake in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares during the period. Parallel Advisors LLC increased its stake in Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares during the period. IFP Advisors Inc bought a new position in Warrior Met Coal during the fourth quarter valued at about $37,000. Finally, Hantz Financial Services Inc. increased its stake in Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after acquiring an additional 455 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.