Ramaco Resources (METC) to Release Quarterly Earnings on Thursday

Ramaco Resources (NASDAQ:METC - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Ramaco Resources to post earnings of $0.42 per share and revenue of $166.59 million for the quarter.

Ramaco Resources Price Performance

Shares of METC stock traded down $0.52 during trading hours on Friday, reaching $8.94. The company's stock had a trading volume of 613,120 shares, compared to its average volume of 498,716. Ramaco Resources has a fifty-two week low of $8.81 and a fifty-two week high of $20.70. The firm's 50 day simple moving average is $9.81 and its 200-day simple moving average is $10.84. 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 company has a market capitalization of $469.61 million, a price-to-earnings ratio of 13.75 and a beta of 1.16.

Ramaco Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources's dividend payout ratio (DPR) is presently 84.62%.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their target price on shares of 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.