Warrior Met Coal (NYSE:HCC) Shares Down 3.4%

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s share price dropped 3.4% during mid-day trading on Tuesday . The stock traded as low as $64.63 and last traded at $64.79. Approximately 61,591 shares changed hands during trading, a decline of 93% from the average daily volume of 830,036 shares. The stock had previously closed at $67.09.

Analyst Upgrades and Downgrades

Several analysts recently commented on HCC shares. UBS Group started coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 price objective for the company. Citigroup upgraded shares of Warrior Met Coal from a "neutral" rating to a "buy" rating and raised their price objective for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, B. Riley reduced their price objective on shares of Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.60.

Warrior Met Coal Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 7.13 and a beta of 1.09. The business's 50-day simple moving average is $59.26 and its 200-day simple moving average is $57.68.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.16 by ($0.67). The business had revenue of $363.80 million for the quarter, compared to analyst estimates of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. Research analysts predict that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, March 1st were given a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal's dividend payout ratio is presently 3.48%.

Insider Activity

In other news, Director Alan H. Schumacher acquired 2,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the transaction, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors have recently modified their holdings of the company. USA Financial Formulas purchased a new stake in Warrior Met Coal in the fourth quarter valued at approximately $25,000. Millburn Ridgefield Corp purchased a new stake in Warrior Met Coal during the third quarter worth approximately $32,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Warrior Met Coal during the fourth quarter worth approximately $38,000. Quadrant Capital Group LLC grew its stake in Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $61,000 after buying an additional 442 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Warrior Met Coal during the first quarter worth approximately $104,000. Institutional investors and hedge funds own 92.28% of the company's stock.

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.