Warrior Met Coal (NYSE:HCC) Trading Down 8%

Shares of Warrior Met Coal Inc (NYSE:HCC) traded down 8% on Wednesday . The company traded as low as $20.03 and last traded at $20.79, 1,389,262 shares were traded during trading. An increase of 62% from the average session volume of 855,868 shares. The stock had previously closed at $22.60.

A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Zacks Investment Research downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Jefferies Financial Group downgraded Warrior Met Coal from a “buy” rating to a “hold” rating and lowered their price target for the stock from $38.00 to $22.00 in a report on Tuesday, August 6th. Finally, B. Riley set a $30.00 price target on Warrior Met Coal and gave the stock a “hold” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.56.

The stock has a market capitalization of $1.17 billion, a PE ratio of 2.40 and a beta of 0.59. The company has a quick ratio of 2.73, a current ratio of 3.31 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $21.24 and a 200-day moving average price of $26.19.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.47. The firm had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $311.62 million. Warrior Met Coal had a return on equity of 62.99% and a net margin of 47.01%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the business posted $1.81 earnings per share. Equities analysts expect that Warrior Met Coal Inc will post 6.33 earnings per share for the current fiscal year.

In other Warrior Met Coal news, CFO Dale W. Boyles acquired 1,200 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $22.22 per share, for a total transaction of $26,664.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in shares of Warrior Met Coal by 170.6% in the second quarter. Advisor Group Inc. now owns 1,510 shares of the company’s stock valued at $40,000 after buying an additional 952 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $113,000. SG Americas Securities LLC acquired a new stake in shares of Warrior Met Coal in the second quarter worth approximately $115,000. New York State Teachers Retirement System acquired a new stake in shares of Warrior Met Coal in the first quarter worth approximately $116,000. Finally, Point72 Hong Kong Ltd boosted its stake in shares of Warrior Met Coal by 29.3% in the second quarter. Point72 Hong Kong Ltd now owns 6,287 shares of the company’s stock worth $164,000 after acquiring an additional 1,424 shares during the last quarter.

Warrior Met Coal Company Profile (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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