Ramaco Resources, Inc. (NASDAQ:METC) to Issue Quarterly Dividend of $0.07

Ramaco Resources, Inc. (NASDAQ:METC) declared a quarterly dividend on Monday, March 17th, RTT News reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.0688 per share by the energy company on Friday, June 13th. This represents a $0.28 dividend on an annualized basis and a yield of 2.97%.

Ramaco Resources has a dividend payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ramaco Resources to earn $0.49 per share next year, which means the company may not be able to cover its $0.55 annual dividend with an expected future payout ratio of 112.2%.

Ramaco Resources Trading Down 3.2 %

Shares of METC stock traded down $0.31 on Monday, reaching $9.25. 547,405 shares of the stock were exchanged, compared to its average volume of 563,011. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. Ramaco Resources has a one year low of $8.17 and a one year high of $17.23. The stock has a market cap of $485.89 million, a PE ratio of 14.23 and a beta of 1.17. The stock has a 50 day moving average price of $9.59 and a 200 day moving average price of $10.64.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. Equities research analysts forecast that Ramaco Resources will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark restated a “buy” rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group cut their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

About Ramaco Resources

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.