Ramaco Resources, Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) announced a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.0688 per share by the energy company on Friday, June 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.11%.

Ramaco Resources has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ramaco Resources to earn $0.49 per share next year, which means the company may not be able to cover its $0.55 annual dividend with an expected future payout ratio of 112.2%.

Ramaco Resources Trading Down 1.2 %

Shares of METC traded down $0.11 during midday trading on Friday, reaching $8.84. The company had a trading volume of 279,485 shares, compared to its average volume of 559,854. The firm has a 50 day simple moving average of $9.58 and a 200-day simple moving average of $10.57. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock has a market cap of $464.57 million, a PE ratio of 13.54 and a beta of 1.17. Ramaco Resources has a 1-year low of $8.17 and a 1-year high of $17.23.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.36). The business had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm's revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. Research analysts forecast that Ramaco Resources will post 0.05 EPS for the current fiscal year.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on METC. Benchmark reissued a "buy" rating on shares of Ramaco Resources in a research report on Wednesday, March 12th. Jefferies Financial Group lowered their target price on Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a report 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.