Ramaco Resources (NASDAQ:METC) Stock Price Down 12.3%

Ramaco Resources, Inc. (NASDAQ:METCGet Free Report) was down 12.3% during trading on Tuesday . The company traded as low as $18.10 and last traded at $18.23. Approximately 708,127 shares traded hands during trading, a decline of 52% from the average daily volume of 1,467,755 shares. The stock had previously closed at $20.78.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on METC shares. Jefferies Financial Group upped their price target on Ramaco Resources from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, October 4th. B. Riley lifted their target price on shares of Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, September 27th. UBS Group assumed coverage on shares of Ramaco Resources in a research note on Tuesday. They set a “neutral” rating and a $21.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Ramaco Resources from $10.00 to $12.00 and gave the stock a “market perform” rating in a report on Thursday, November 9th. Finally, Benchmark boosted their target price on shares of Ramaco Resources from $15.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.10.

Get Our Latest Stock Analysis on Ramaco Resources

Ramaco Resources Stock Up 2.4 %

The stock has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $12.31. The firm has a market cap of $977.93 million, a PE ratio of 12.71 and a beta of 1.22. The company has a current ratio of 1.19, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Ramaco Resources (NASDAQ:METCGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $187.00 million during the quarter, compared to analyst estimates of $159.63 million. Ramaco Resources had a net margin of 10.65% and a return on equity of 20.69%. Ramaco Resources’s revenue was up 36.0% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. As a group, sell-side analysts expect that Ramaco Resources, Inc. will post 1.98 EPS for the current fiscal year.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.138 per share. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, February 29th. Ramaco Resources’s payout ratio is 34.25%.

Insider Transactions at Ramaco Resources

In related news, Director Bryan H. Lawrence sold 7,694 shares of Ramaco Resources stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $12.34, for a total transaction of $94,943.96. Following the completion of the sale, the director now owns 713,193 shares of the company’s stock, valued at $8,800,801.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Ramaco Resources news, Director Bryan H. Lawrence sold 7,694 shares of Ramaco Resources stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $12.34, for a total transaction of $94,943.96. Following the completion of the sale, the director now directly owns 713,193 shares in the company, valued at $8,800,801.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Yorktown Xi Associates Llc sold 2,142 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $17.38, for a total value of $37,227.96. Following the completion of the transaction, the insider now owns 1,090,067 shares of the company’s stock, valued at $18,945,364.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,626,787 shares of company stock valued at $27,908,729. 45.98% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strs Ohio increased its holdings in shares of Ramaco Resources by 8.5% in the second quarter. Strs Ohio now owns 19,100 shares of the energy company’s stock worth $161,000 after buying an additional 1,500 shares during the period. Denali Advisors LLC bought a new stake in shares of Ramaco Resources in the third quarter worth about $413,000. Barclays PLC grew its stake in shares of Ramaco Resources by 30.3% in the second quarter. Barclays PLC now owns 14,764 shares of the energy company’s stock worth $124,000 after purchasing an additional 3,433 shares during the last quarter. CSS LLC IL bought a new stake in shares of Ramaco Resources in the second quarter worth about $145,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Ramaco Resources in the third quarter worth about $296,000. Hedge funds and other institutional investors own 49.68% of the company’s stock.

About Ramaco Resources

(Get Free Report)

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.

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