Warrior Met Coal (NYSE:HCC) Stock Price Down 3.4%

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price dropped 3.4% on Tuesday . The stock traded as low as $64.63 and last traded at $64.79. Approximately 61,591 shares changed hands during trading, a decline of 93% from the average daily volume of 830,036 shares. The stock had previously closed at $67.09.

Wall Street Analyst Weigh In

HCC has been the subject of several recent research reports. B. Riley dropped their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a report on Monday, April 15th. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Finally, UBS Group initiated coverage on Warrior Met Coal in a report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.60.

Warrior Met Coal Trading Up 0.9 %

The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.46 billion, a P/E ratio of 7.19 and a beta of 1.09. The business has a 50 day moving average price of $59.37 and a 200 day moving average price of $57.74.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The company had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Analysts anticipate that Warrior Met Coal, Inc. will post 6.83 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were paid a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.48%.

Insider Activity

In related news, Director Alan H. Schumacher purchased 2,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently modified their holdings of the business. USA Financial Formulas acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $25,000. Millburn Ridgefield Corp acquired a new position in Warrior Met Coal during the 3rd quarter worth approximately $32,000. McGlone Suttner Wealth Management Inc. acquired a new position in Warrior Met Coal during the 4th quarter worth approximately $38,000. Quadrant Capital Group LLC boosted its position in Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after acquiring an additional 442 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Warrior Met Coal during the 1st quarter worth approximately $104,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.