Warrior Met Coal (NYSE:HCC) Shares Down 7.1%

Warrior Met Coal, Inc. (NYSE:HCCGet Free Report)’s stock price dropped 7.1% during trading on Tuesday . The company traded as low as $67.62 and last traded at $67.79. Approximately 67,943 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 763,178 shares. The stock had previously closed at $72.98.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their target price for the company from $60.00 to $75.00 in a report on Thursday, April 11th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. B. Riley boosted their price objective on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets raised their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.80.

Check Out Our Latest Report on HCC

Warrior Met Coal Price Performance

The firm has a fifty day moving average price of $64.64 and a two-hundred day moving average price of $61.42. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.59 billion, a P/E ratio of 8.25 and a beta of 1.05.

Warrior Met Coal (NYSE:HCCGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. During the same quarter last year, the firm earned $3.57 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts expect that Warrior Met Coal, Inc. will post 6.98 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s payout ratio is presently 3.85%.

Institutional Investors Weigh In On Warrior Met Coal

A number of large investors have recently added to or reduced their stakes in the stock. USA Financial Formulas purchased a new stake in shares of Warrior Met Coal in the 4th quarter worth $25,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Warrior Met Coal during the fourth quarter worth $38,000. SYSTM Wealth Solutions LLC purchased a new position in Warrior Met Coal during the first quarter valued at $39,000. EntryPoint Capital LLC bought a new position in shares of Warrior Met Coal during the 1st quarter valued at about $54,000. Finally, Quadrant Capital Group LLC grew its position in shares of Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Warrior Met Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal and related companies with MarketBeat.com's FREE daily email newsletter.