Warrior Met Coal (NYSE:HCC) Stock Price Down 6%

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price was down 6% on Monday . The stock traded as low as $24.73 and last traded at $24.86. Approximately 10,216 shares changed hands during trading, a decline of 99% from the average daily volume of 778,142 shares. The stock had previously closed at $26.45.

Several equities analysts recently weighed in on HCC shares. Zacks Investment Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 10th. B. Riley lifted their target price on shares of Warrior Met Coal from $22.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, September 2nd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.

The company has a current ratio of 3.46, a quick ratio of 2.87 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average is $19.91 and its two-hundred day moving average is $18.48. The firm has a market cap of $1.25 billion, a P/E ratio of -16.80 and a beta of 1.11.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.41. Warrior Met Coal had a negative net margin of 8.90% and a negative return on equity of 4.15%. The firm had revenue of $227.44 million during the quarter, compared to analysts’ expectations of $140.37 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. Warrior Met Coal’s quarterly revenue was up 38.9% on a year-over-year basis. On average, analysts anticipate that Warrior Met Coal, Inc. will post 0.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Monday, August 9th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is -29.41%.

In other news, insider Kelli K. Gant sold 2,681 shares of the company’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $25.00, for a total value of $67,025.00. Following the completion of the sale, the insider now directly owns 19,442 shares of the company’s stock, valued at approximately $486,050. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 8,730 shares of the stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $25.00, for a total transaction of $218,250.00. Following the sale, the chief executive officer now directly owns 105,107 shares of the company’s stock, valued at $2,627,675. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Several large investors have recently modified their holdings of HCC. Captrust Financial Advisors increased its stake in Warrior Met Coal by 2,424.0% in the 1st quarter. Captrust Financial Advisors now owns 2,524 shares of the company’s stock valued at $43,000 after buying an additional 2,424 shares during the period. Algert Global LLC acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth $193,000. Cubist Systematic Strategies LLC increased its stake in shares of Warrior Met Coal by 124.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 11,465 shares of the company’s stock worth $196,000 after purchasing an additional 6,356 shares during the last quarter. CSS LLC IL acquired a new position in shares of Warrior Met Coal during the 1st quarter worth $206,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Warrior Met Coal by 11.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 12,392 shares of the company’s stock worth $213,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

Warrior Met Coal Company Profile (NYSE:HCC)

Warrior Met Coal, Inc engages in the production and export of metallurgical coal. The firm extracts methane gas from the Blue Creek coal seam. It also sells natural gas, which is extracted as a by-product from coal production. The company was founded on September 3, 2015 and is headquartered in Brookwood, AL.

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