Warrior Met Coal (NYSE:HCC) Shares Gap Down After Earnings Miss

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s stock price gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $54.09, but opened at $50.78. Warrior Met Coal shares last traded at $52.13, with a volume of 355,990 shares changing hands.

The company reported $0.15 earnings per share 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 analysts' expectations of $331.70 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal's dividend payout ratio (DPR) is presently 4.42%.

Analyst Ratings Changes

Several research firms recently weighed in on HCC. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Friday. Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, B. Riley reduced their target price on Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating on the stock in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of "Moderate Buy" and an average target price of $74.00.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors have recently bought and sold shares of HCC. T. Rowe Price Investment Management Inc. raised its position in shares of 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. Dalal Street LLC raised its position in Warrior Met Coal by 144.1% during the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock valued at $92,461,000 after purchasing an additional 1,006,263 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in shares of Warrior Met Coal by 193.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company's stock valued at $93,357,000 after purchasing an additional 963,892 shares during the last quarter. Merewether Investment Management LP boosted its holdings in shares of Warrior Met Coal by 441.9% in the 3rd quarter. Merewether Investment Management LP now owns 793,300 shares of the company's stock worth $50,692,000 after purchasing an additional 646,900 shares during the period. Finally, Silver Point Capital L.P. purchased a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $34,985,000. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Up 1.5 %

The stock has a market cap of $2.63 billion, a P/E ratio of 6.95 and a beta of 1.07. The company has a 50-day moving average price of $54.49 and a two-hundred day moving average price of $59.56. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09.

Warrior Met Coal Company Profile

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.