Warrior Met Coal (NYSE:HCC) Stock Price Down 3.5% - Time to Sell?

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s stock price dropped 3.5% during trading on Friday . The stock traded as low as $70.06 and last traded at $70.27. Approximately 98,443 shares traded hands during trading, a decline of 87% from the average daily volume of 764,446 shares. The stock had previously closed at $72.80.

Wall Street Analyst Weigh In

HCC has been the subject of several recent analyst reports. 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. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $75.75.

Warrior Met Coal Trading Down 3.1 %

The stock's fifty day simple moving average is $63.28 and its two-hundred day simple moving average is $63.85. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.69 billion, a PE ratio of 10.06 and a beta of 1.02.

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

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.45%. Warrior Met Coal's dividend payout ratio (DPR) is 4.42%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company's stock worth $32,000 after acquiring an additional 144 shares during the last quarter. Blue Trust Inc. grew its position in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $35,000 after acquiring an additional 180 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Warrior Met Coal by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company's stock worth $1,213,000 after acquiring an additional 231 shares during the last quarter. Evergreen Capital Management LLC increased its stake in Warrior Met Coal by 6.3% in the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company's stock worth $245,000 after purchasing an additional 231 shares during the period. Finally, Sei Investments Co. increased its stake in Warrior Met Coal by 1.2% in the first quarter. Sei Investments Co. now owns 23,202 shares of the company's stock worth $1,408,000 after purchasing an additional 277 shares during the period. 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.

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