Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $8.61, for a total transaction of $722,129.31. Following the completion of the transaction, the insider now directly owns 1,059,909 shares in the company, valued at $9,125,816.49. This represents a 7.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Yorktown Energy Partners Xi, L also recently made the following trade(s):
- On Monday, March 24th, Yorktown Energy Partners Xi, L sold 98,274 shares of Ramaco Resources stock. The stock was sold at an average price of $8.85, for a total value of $869,724.90.
Ramaco Resources Stock Performance
Shares of METC traded down $0.19 during mid-day trading on Friday, reaching $8.27. 145,220 shares of the company's stock traded hands, compared to its average volume of 563,453. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The business's 50-day moving average price is $9.50 and its 200-day moving average price is $10.50. The stock has a market capitalization of $367.21 million, a P/E ratio of 12.72 and a beta of 1.17. Ramaco Resources, Inc. has a 12 month low of $8.09 and a 12 month high of $17.23.
Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings results 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). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. During the same quarter last year, the firm posted $0.24 EPS. The company's revenue was down 15.7% compared to the same quarter last year. Equities analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.
Ramaco Resources Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a yield of 3.33%. Ramaco Resources's payout ratio is 245.45%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Jefferies Financial Group lowered their price objective 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. Benchmark restated a "buy" rating on shares of Ramaco Resources in a research report on Wednesday, March 12th.
View Our Latest Stock Analysis on METC
Institutional Trading of Ramaco Resources
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pingora Partners LLC increased its stake in shares of Ramaco Resources by 330.2% during the third 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 bought a new position in Ramaco Resources during the 3rd quarter valued at $45,000. AlphaQuest LLC acquired a new position in shares of Ramaco Resources during the 4th quarter valued at $50,000. Campbell Capital Management Inc. bought a new stake in shares of Ramaco Resources in the 4th quarter worth $51,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at $56,000. 74.49% of the stock is currently owned by institutional investors.
Ramaco Resources Company Profile
(
Get Free Report)
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.
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