Ramaco Resources (NASDAQ:METC) Trading Down 3.3% - Should You Sell?

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report)'s share price fell 3.3% during trading on Friday . The company traded as low as $10.30 and last traded at $10.36. 41,104 shares were traded during trading, a decline of 78% from the average session volume of 189,024 shares. The stock had previously closed at $10.71.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price target on shares of Ramaco Resources from $19.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, September 17th.

Ramaco Resources Price Performance

The stock's fifty day moving average price is $11.55 and its 200-day moving average price is $11.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The firm has a market cap of $544.20 million, a PE ratio of 15.94 and a beta of 1.14.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The company had revenue of $167.40 million during the quarter, compared to analysts' expectations of $156.41 million. During the same quarter last year, the company earned $0.45 earnings per share. Ramaco Resources's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts expect that Ramaco Resources, Inc. will post 0.86 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.1375 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.55 annualized dividend and a yield of 5.31%. Ramaco Resources's payout ratio is 84.62%.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in METC. Pingora Partners LLC raised its stake in shares of Ramaco Resources by 330.2% in the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company's stock valued at $43,000 after acquiring an additional 2,840 shares during the period. Point72 DIFC Ltd purchased a new stake in Ramaco Resources in the third quarter valued at approximately $45,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ramaco Resources during the second quarter worth $94,000. Koss Olinger Consulting LLC purchased a new position in shares of Ramaco Resources during the second quarter worth $134,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ramaco Resources in the second quarter valued at $139,000. Hedge funds and other institutional investors own 74.49% of the company's stock.

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.