Warrior Met Coal (NYSE:HCC) Trading Down 7.3% – Should You Sell?

Shares of Warrior Met Coal (NYSE:HCC) traded down 7.3% during mid-day trading on Friday . The stock traded as low as $97.27 and last traded at $96.9550. 596,553 shares were traded during trading, a decline of 35% from the average session volume of 919,696 shares. The stock had previously closed at $104.58.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HCC. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Citigroup lifted their target price on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.80.

Warrior Met Coal Trading Down 8.3%

The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 36.71 and a beta of 0.61. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $89.56 and a 200-day moving average of $87.59.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. Warrior Met Coal’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. As a group, research analysts forecast that Warrior Met Coal will post 6.78 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 12.21%.

Institutional Trading of Warrior Met Coal

Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Warrior Met Coal during the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth about $37,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Warrior Met Coal by 266.1% in the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after buying an additional 455 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.