Warrior Met Coal (NYSE:HCC) Stock Price Down 4.8% - Here's What Happened

Warrior Met Coal (NYSE:HCC - Get Free Report) fell 4.8% on Friday . The stock traded as low as $44.85 and last traded at $44.75. 237,799 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 910,566 shares. The stock had previously closed at $47.01.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley dropped their price objective on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th. UBS Group reduced their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th.

Warrior Met Coal Stock Performance

The company's fifty day simple moving average is $47.29 and its 200 day simple moving average is $50.57. The stock has a market capitalization of $2.32 billion, a P/E ratio of 21.93 and a beta of 0.69. 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 posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The business had revenue of $299.94 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 40.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.63 EPS. As a group, sell-side analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a dividend of $0.08 per share. The ex-dividend date was Monday, May 5th. This represents a $0.32 annualized dividend and a yield of 0.73%. Warrior Met Coal's payout ratio is presently 15.92%.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew 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 in the last quarter. Dalal Street LLC lifted its stake in Warrior Met Coal by 144.1% during the fourth 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 during the last quarter. L1 Capital Pty Ltd purchased a new position in shares of Warrior Met Coal in the 1st quarter worth about $34,278,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of 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 in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Warrior Met Coal by 1,918.4% during the 1st 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 during the last quarter. 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.

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