Warrior Met Coal (NYSE:HCC) Hits New 12-Month Low - Here's What Happened

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $47.44 and last traded at $48.13, with a volume of 1080525 shares changing hands. The stock had previously closed at $49.89.

Wall Street Analyst Weigh In

HCC has been the subject of a number of research analyst reports. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group cut their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, B. Riley cut their price objective on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.00.

Warrior Met Coal Stock Down 4.0 %

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 stock has a market capitalization of $2.43 billion, a P/E ratio of 9.64 and a beta of 1.07. The business has a 50-day moving average price of $53.59 and a 200 day moving average price of $59.32.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). The firm had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. On average, equities analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Warrior Met Coal's dividend payout ratio is currently 6.68%.

Institutional Trading of Warrior Met Coal

A number of institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Warrior Met Coal by 24.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 119,250 shares of the company's stock worth $6,468,000 after buying an additional 23,802 shares during the last quarter. Woodline Partners LP lifted its position in Warrior Met Coal by 224.2% in the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock worth $36,361,000 after buying an additional 463,577 shares during the last quarter. Wexford Capital LP bought a new stake in Warrior Met Coal in the fourth quarter worth $3,924,000. Silver Point Capital L.P. bought a new stake in Warrior Met Coal in the fourth quarter worth $34,985,000. Finally, Malaga Cove Capital LLC lifted its position in Warrior Met Coal by 153.1% in the fourth quarter. Malaga Cove Capital LLC now owns 8,293 shares of the company's stock worth $450,000 after buying an additional 5,017 shares during the last quarter. 92.28% of the stock is currently owned by 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.