Warrior Met Coal (NYSE:HCC) Sets New 1-Year Low – Should You Sell?

Shares of Warrior Met Coal, Inc. (NYSE:HCC) hit a new 52-week low during trading on Friday . The company traded as low as $50.40 and last traded at $50.71, with a volume of 213546 shares changing hands. The stock had previously closed at $52.43.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. B. Riley upped their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $73.60.

Warrior Met Coal Stock Down 3.6 %

The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.64 billion, a P/E ratio of 6.98 and a beta of 1.09. The company’s 50 day moving average price is $62.75 and its two-hundred day moving average price is $62.50.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.40. The business 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 company’s revenue was down 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 EPS. Equities analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HCC. Blue Trust Inc. increased its stake in 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 buying an additional 180 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares during the period. KBC Group NV boosted its stake in shares of Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after acquiring an additional 392 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Warrior Met Coal during the third quarter worth about $204,000. Finally, Mackenzie Financial Corp bought a new stake in Warrior Met Coal during the 2nd quarter valued at approximately $203,000. 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.