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

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

Several research analysts have recently issued reports on the company. TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. MKM Partners increased their target price on shares of Warrior Met Coal to $38.00 and gave the company a “buy” rating in a research report on Friday, May 24th. B. Riley set a $30.00 target price on shares of Warrior Met Coal and gave the company a “hold” rating in a research report on Thursday, August 22nd. Jefferies Financial Group downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating and decreased their target price for the company from $38.00 to $22.00 in a research report on Tuesday, August 6th. Finally, Zacks Investment Research downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.56.

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 2.31 and a beta of 0.59. The business’s 50-day simple moving average is $21.16 and its two-hundred day simple moving average is $26.15. The company has a current ratio of 3.31, a quick ratio of 2.73 and a debt-to-equity ratio of 0.52.

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

In related news, CFO Dale W. Boyles acquired 1,200 shares of Warrior Met Coal stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $22.22 per share, with a total value of $26,664.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.59% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its position in shares of Warrior Met Coal by 170.6% during the 2nd quarter. Advisor Group Inc. now owns 1,510 shares of the company’s stock worth $40,000 after buying an additional 952 shares during the period. Bank of Montreal Can bought a new position in shares of Warrior Met Coal in the 2nd quarter worth $113,000. SG Americas Securities LLC bought a new position in shares of Warrior Met Coal in the 2nd quarter worth $115,000. New York State Teachers Retirement System bought a new position in Warrior Met Coal during the 1st quarter valued at $116,000. Finally, Point72 Hong Kong Ltd lifted its stake in Warrior Met Coal by 29.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 6,287 shares of the company’s stock valued at $164,000 after acquiring an additional 1,424 shares in the last quarter.

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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