Ramaco Resources (NASDAQ:METC) Issues Earnings Results, Misses Estimates By $0.01 EPS

Ramaco Resources (NASDAQ:METC) released its earnings results on Monday. The energy company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), RTT News reports. The company had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.12%. The company’s revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS.

Ramaco Resources Stock Up 1.1 %

Shares of NASDAQ METC traded up $0.14 during midday trading on Thursday, hitting $12.56. The stock had a trading volume of 164,912 shares, compared to its average volume of 686,310. The company has a market cap of $549.25 million, a P/E ratio of 19.11 and a beta of 1.08. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $10.75 and its 200-day moving average is $12.59. Ramaco Resources has a 52 week low of $9.03 and a 52 week high of $22.70.

Ramaco Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources’s dividend payout ratio is presently 84.62%.

Analyst Ratings Changes

METC has been the subject of a number of recent analyst reports. B. Riley decreased their target price on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Ramaco Resources in a research report on Thursday, August 29th.

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.