Warrior Met Coal (HCC) Trading Down 13.3%

Shares of Warrior Met Coal Inc (NYSE:HCC) were down 13.3% during mid-day trading on Friday . The stock traded as low as $27.95 and last traded at $28.56. Approximately 1,868,999 shares were traded during mid-day trading, an increase of 145% from the average daily volume of 762,422 shares. The stock had previously closed at $32.93.

Several analysts have recently issued reports on HCC shares. Zacks Investment Research raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of Warrior Met Coal from a “c” rating to a “b-” rating in a research note on Friday, April 12th. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. B. Riley set a $33.00 price target on shares of Warrior Met Coal and gave the company a “hold” rating in a research note on Tuesday, February 26th. Finally, Jefferies Financial Group set a $40.00 price target on shares of Warrior Met Coal and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $34.33.

The company has a market cap of $1.47 billion, a P/E ratio of 3.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.31 and a current ratio of 3.84.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.55. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The business had revenue of $378.30 million for the quarter, compared to analysts’ expectations of $326.30 million. During the same period in the prior year, the company posted $3.36 EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, analysts forecast that Warrior Met Coal Inc will post 5.6 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th will be paid a $4.41 dividend. This represents a yield of 0.62%. The ex-dividend date of this dividend is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio is presently 2.31%.

In related news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $28.83, for a total transaction of $288,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 8,730 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $32.00, for a total transaction of $279,360.00. The disclosure for this sale can be found here. Insiders sold a total of 56,296 shares of company stock worth $1,663,050 over the last quarter. Corporate insiders own 0.59% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HCC. Rehmann Capital Advisory Group purchased a new stake in shares of Warrior Met Coal in the 3rd quarter worth about $58,000. Legal & General Group Plc lifted its position in shares of Warrior Met Coal by 19.9% during the third quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock valued at $192,000 after buying an additional 1,176 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of Warrior Met Coal during the first quarter valued at about $227,000. First Hawaiian Bank purchased a new stake in shares of Warrior Met Coal during the first quarter valued at about $252,000. Finally, Virtu Financial LLC purchased a new stake in shares of Warrior Met Coal during the first quarter valued at about $252,000.

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About Warrior Met Coal (NYSE:HCC)

Warrior Met Coal, Inc produces and exports 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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