Ramaco Resources, Inc. (METC) to Issue Quarterly Dividend of $0.14 on December 16th

Ramaco Resources, Inc. (NASDAQ:METC) announced a quarterly dividend on Friday, November 29th,RTT News reports. Investors of record on Monday, December 2nd will be given a dividend of 0.1375 per share by the energy company on Monday, December 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Monday, December 2nd.

Ramaco Resources has a dividend payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ramaco Resources to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 26.7%.

Ramaco Resources Stock Performance

NASDAQ:METC opened at $12.75 on Friday. The company has a market capitalization of $669.76 million, a P/E ratio of 19.62 and a beta of 1.08. The business has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $12.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. Ramaco Resources has a 1 year low of $9.03 and a 1 year high of $22.70.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s revenue was down 10.5% compared to the same quarter last year. On average, analysts expect that Ramaco Resources will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Ramaco Resources in a research report on Thursday, August 29th. B. Riley reduced their price objective on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, September 17th.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.