Warrior Met Coal (NYSE:HCC) Shares Gap Up - Still a Buy?

Warrior Met Coal (NYSE:HCC - Get Free Report) shares gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HCC. UBS Group cut their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. B. Riley lowered their price objective on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Warrior Met Coal Stock Down 0.7%

The business has a fifty day moving average price of $46.59 and a two-hundred day moving average price of $49.16. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 24.88 and a beta of 0.67. The company has a current ratio of 5.14, a quick ratio of 4.00 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $296.39 million. During the same period last year, the business earned $2.63 EPS. The company's quarterly revenue was down 40.4% on a year-over-year basis. On average, equities analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend 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 hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of Warrior Met Coal by 18.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company's stock valued at $112,697,000 after acquiring an additional 367,326 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Warrior Met Coal by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock valued at $122,563,000 after purchasing an additional 117,717 shares during the period. American Century Companies Inc. raised its position in shares of Warrior Met Coal by 8.5% in the first quarter. American Century Companies Inc. now owns 1,897,242 shares of the company's stock valued at $90,536,000 after purchasing an additional 148,968 shares during the period. Dalal Street LLC lifted its stake in shares of Warrior Met Coal by 5.6% in the first quarter. Dalal Street LLC now owns 1,799,580 shares of the company's stock worth $85,876,000 after buying an additional 94,910 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Warrior Met Coal by 4.7% during the 1st quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company's stock worth $68,857,000 after buying an additional 64,288 shares during the period. 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.