Warrior Met Coal (NYSE:HCC) Sets New 52-Week Low - Here's What Happened

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) shares reached a new 52-week low on Saturday . The stock traded as low as $49.33 and last traded at $49.69, with a volume of 2347214 shares. The stock had previously closed at $54.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCC shares. Jefferies Financial Group lowered their target price on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, January 6th. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Finally, B. Riley cut their price objective on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.00.

Warrior Met Coal Price Performance

The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $54.21 and a 200 day moving average of $59.50. The firm has a market capitalization of $2.62 billion, a PE ratio of 10.40 and a beta of 1.07.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm had revenue of $297.47 million during the quarter, compared to analysts' expectations of $331.70 million. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 5.6 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a $0.08 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. Warrior Met Coal's payout ratio is presently 6.68%.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its stake in shares of Warrior Met Coal by 4.9% during the 3rd quarter. State Street Corp now owns 3,404,237 shares of the company's stock worth $217,531,000 after purchasing an additional 158,722 shares during the period. FMR LLC raised its holdings in Warrior Met Coal by 8.6% during the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company's stock valued at $205,153,000 after acquiring an additional 254,540 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Warrior Met Coal by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock worth $122,563,000 after purchasing an additional 117,717 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Warrior Met Coal by 272.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after buying an additional 1,458,279 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Warrior Met Coal by 7.1% during the fourth quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock valued at $94,826,000 after acquiring an additional 115,675 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

About Warrior Met Coal

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.