Warrior Met Coal (NYSE:HCC) Shares Gap Up - Should You Buy?

Warrior Met Coal (NYSE:HCC - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $54.38, but opened at $57.13. Warrior Met Coal shares last traded at $58.99, with a volume of 477,329 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HCC shares. B. Riley decreased their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday. UBS Group decreased their target price 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.

Warrior Met Coal Stock Down 1.9%

The stock's fifty day moving average price is $47.75 and its 200 day moving average price is $48.88. The stock has a market cap of $3.05 billion, a P/E ratio of 28.87 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 announced its quarterly earnings data 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). The business had revenue of $299.94 million during the quarter, compared to analysts' expectations of $296.39 million. Warrior Met Coal had a net margin of 7.98% and a return on equity of 5.41%. Warrior Met Coal's revenue for the quarter was down 40.4% on a year-over-year basis. During the same period last year, the company posted $2.63 EPS. As a group, research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HCC. Raymond James Financial Inc. bought a new stake in Warrior Met Coal during the 4th quarter valued at about $4,554,000. HighTower Advisors LLC increased its stake in Warrior Met Coal by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock valued at $319,000 after purchasing an additional 314 shares in the last quarter. Cibc World Markets Corp bought a new stake in Warrior Met Coal during the 4th quarter valued at about $263,000. KLP Kapitalforvaltning AS bought a new stake in Warrior Met Coal during the 4th quarter valued at about $1,150,000. Finally, LPL Financial LLC increased its stake in Warrior Met Coal by 22.5% during the 4th quarter. LPL Financial LLC now owns 6,654 shares of the company's stock valued at $361,000 after purchasing an additional 1,221 shares in the last quarter. 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.