Warrior Met Coal (NYSE:HCC) Hits New 1-Year Low - Here's What Happened

Shares of Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $50.40 and last traded at $50.71, with a volume of 213546 shares traded. The stock had previously closed at $52.43.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HCC shares. B. Riley upped their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group reduced 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $73.60.

Warrior Met Coal Stock Down 3.6 %

The firm has a market capitalization of $2.64 billion, a PE ratio of 6.98 and a beta of 1.09. The business's fifty day moving average price is $63.04 and its 200 day moving average price is $62.57. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same period in the prior year, the business earned $1.85 EPS. The firm's revenue was down 22.6% compared to the same quarter last year. On average, equities research analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $35,000 after acquiring an additional 180 shares during the period. GAMMA Investing LLC lifted its position in Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after purchasing an additional 358 shares during the period. KBC Group NV lifted its position in Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company's stock valued at $109,000 after purchasing an additional 392 shares during the period. Mackenzie Financial Corp purchased a new stake in Warrior Met Coal in the 2nd quarter valued at approximately $203,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Warrior Met Coal during the 3rd quarter worth approximately $204,000. 92.28% of the stock is currently 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.