Ramaco Resources (NASDAQ:METC) Announces Quarterly Earnings Results

Ramaco Resources (NASDAQ:METC - Get Free Report) announced its earnings results on Monday. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.36), Zacks reports. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. During the same period last year, the firm earned $0.24 earnings per share. The firm's revenue for the quarter was down 15.7% on a year-over-year basis.

Ramaco Resources Stock Performance

Ramaco Resources stock traded down $0.06 during trading hours on Friday, reaching $9.56. 577,038 shares of the company were exchanged, compared to its average volume of 573,085. Ramaco Resources has a 12 month low of $8.17 and a 12 month high of $17.23. The firm has a market cap of $502.18 million, a price-to-earnings ratio of 14.71 and a beta of 1.17. 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 stock has a 50-day moving average of $9.61 and a 200 day moving average of $10.67.

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources's dividend payout ratio is 500.00%.

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Wall Street Analyst Weigh In

Several analysts have issued reports on METC shares. Benchmark restated a "buy" rating on shares of Ramaco Resources in a report on Wednesday. Jefferies Financial Group cut their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating on the stock in a 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.