Ramaco Resources (NASDAQ:METC) Issues Quarterly Earnings Results

Ramaco Resources (NASDAQ:METC) released its quarterly earnings data on Monday. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36), Zacks reports. The firm had revenue of $170.90 million during the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share.

Ramaco Resources Stock Down 0.8 %

Shares of NASDAQ:METC traded down $0.07 during mid-day trading on Monday, hitting $8.40. 641,528 shares of the company traded hands, compared to its average volume of 576,323. The firm’s 50 day simple moving average is $9.67 and its 200 day simple moving average is $10.72. The firm has a market cap of $441.24 million, a P/E ratio of 12.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. Ramaco Resources has a 52-week low of $8.19 and a 52-week high of $20.11.

Ramaco Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.55%. Ramaco Resources’s dividend payout ratio (DPR) is currently 84.62%.

Analyst Ratings Changes

Separately, Jefferies Financial Group reduced their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th.

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.