Warrior Met Coal (NYSE:HCC) Stock Price Down 8.9% - Should You Sell?

Key Points

• Warrior Met Coal's stock price dropped 8.9% to $51.93, with a significant decline in trading volume of 59% compared to its average.
• Equities analysts have downgraded the company's price target, with UBS reducing it from $68 to $50, while B. Riley maintains a "buy" rating but lowers the target from $76 to $74.
• The latest earnings report showed a loss of ($0.16) per share, missing estimates, and a 40.4% decline in revenue year-over-year, reflecting challenges in the metallurgical coal market.

Warrior Met Coal (NYSE:HCC - Get Free Report)'s share price fell 8.9% during trading on Monday . The company traded as low as $51.60 and last traded at $51.93. 402,529 shares traded hands during trading, a decline of 59% from the average session volume of 977,963 shares. The stock had previously closed at $57.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group decreased their price objective 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. B. Riley reduced their price target on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd.

Warrior Met Coal Stock Performance

The company has a market capitalization of $2.75 billion, a P/E ratio of 26.05 and a beta of 0.67. The stock's fifty day moving average price is $48.37 and its 200-day moving average price is $48.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.00 and a current ratio of 5.14.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $299.94 million during 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%. The firm's revenue was down 40.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.63 earnings per share. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of HCC. Quadrant Capital Group LLC raised its stake in Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company's stock worth $62,000 after purchasing an additional 253 shares during the period. Sterling Capital Management LLC raised its position in shares of Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after buying an additional 1,456 shares in the last quarter. Covestor Ltd boosted its stake in shares of Warrior Met Coal by 46.6% in the fourth quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after buying an additional 727 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after buying an additional 2,894 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

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.

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