Ramaco Resources, Inc. (NASDAQ:METC) to Issue Quarterly Dividend of $0.14

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.1375 per share by the energy company on Friday, March 14th. This represents a $0.55 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Friday, February 28th.

Ramaco Resources has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ramaco Resources to earn $0.72 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 76.4%.

Ramaco Resources Trading Down 1.8 %

METC traded down $0.17 during midday trading on Friday, hitting $9.47. The company's stock had a trading volume of 262,591 shares, compared to its average volume of 477,475. Ramaco Resources has a 52-week low of $8.87 and a 52-week high of $20.70. The firm has a 50-day moving average price of $10.73 and a two-hundred day moving average price of $11.35. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The firm has a market cap of $497.46 million, a P/E ratio of 14.57 and a beta of 1.18.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $167.40 million during the quarter, compared to analyst estimates of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. On average, research analysts anticipate that Ramaco Resources will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group dropped their price target on Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, January 6th.

About Ramaco Resources

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.