Warrior Met Coal (NYSE:HCC) Shares Gap Up - Time to Buy?

Warrior Met Coal (NYSE:HCC - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $44.39, but opened at $46.00. Warrior Met Coal shares last traded at $48.92, with a volume of 233,415 shares trading hands.

Wall Street Analysts Forecast Growth

HCC has been the topic of several analyst reports. B. Riley dropped their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. UBS Group lowered their price objective on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th.

Warrior Met Coal Stock Up 13.5%

The company has a current ratio of 5.14, a quick ratio of 4.00 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.65 billion, a P/E ratio of 20.74 and a beta of 0.67. The company's 50 day simple moving average is $46.56 and its 200-day simple moving average is $49.28.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. The company had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. During the same period in the previous year, the firm earned $2.63 earnings per share. The firm's revenue for the quarter was down 40.4% on a year-over-year basis. Research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. raised its position in Warrior Met Coal by 272.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock worth $108,171,000 after acquiring an additional 1,458,279 shares during the period. Dalal Street LLC increased its stake in shares of Warrior Met Coal by 144.1% in the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after purchasing an additional 1,006,263 shares in the last quarter. L1 Capital Pty Ltd bought a new position in Warrior Met Coal in the 1st quarter worth $34,278,000. Adage Capital Partners GP L.L.C. raised its holdings in Warrior Met Coal by 412.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company's stock worth $39,130,000 after purchasing an additional 660,000 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Warrior Met Coal by 1,918.4% during the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company's stock valued at $32,474,000 after purchasing an additional 646,799 shares in the last quarter. Hedge funds and other institutional investors 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.