Warrior Met Coal (NYSE:HCC) Shares Down 7.3% – Time to Sell?

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Citigroup raised their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, UBS Group lowered their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Four equities 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 data from MarketBeat, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $102.80.

Warrior Met Coal Trading Down 9.7%

The business has a fifty day moving average of $89.70 and a 200-day moving average of $87.64. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 36.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

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

Warrior Met Coal Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal in the fourth quarter worth approximately $31,000. Parallel Advisors LLC grew its position in Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares during the last quarter. IFP Advisors Inc purchased a new position in Warrior Met Coal in the 4th quarter worth about $37,000. Hantz Financial Services Inc. increased its stake in Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.