Ramaco Resources (METC) Scheduled to Post Quarterly Earnings on Monday

Ramaco Resources (NASDAQ:METC - Get Free Report) will be announcing its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its earnings results on Wednesday, August 7th. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.23. Ramaco Resources had a net margin of 7.95% and a return on equity of 16.30%. The business had revenue of $155.32 million for the quarter, compared to analysts' expectations of $141.66 million. On average, analysts expect Ramaco Resources to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ramaco Resources Stock Performance

METC stock traded down $0.10 during midday trading on Wednesday, reaching $10.05. 325,326 shares of the company's stock traded hands, compared to its average volume of 688,444. The company has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $12.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.33. Ramaco Resources has a 52 week low of $9.03 and a 52 week high of $22.70. The firm has a market capitalization of $444.84 million, a PE ratio of 8.59 and a beta of 1.05.

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.138 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.55 annualized dividend and a dividend yield of 5.49%. Ramaco Resources's payout ratio is currently 47.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on METC shares. Benchmark reaffirmed a "buy" rating and issued a $20.00 price target on shares of Ramaco Resources in a report on Thursday, August 29th. B. Riley cut their target price on shares of Ramaco Resources from $19.00 to $18.00 and set a "buy" rating for the company in a research report 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.