Ramaco Resources (NASDAQ:METC) Stock Price Down 4.8%

Ramaco Resources, Inc. (NASDAQ:METC) shares were down 4.8% during mid-day trading on Tuesday . The company traded as low as $14.72 and last traded at $14.87. Approximately 102,055 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 925,369 shares. The stock had previously closed at $15.62.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on METC shares. UBS Group started coverage on Ramaco Resources in a report on Tuesday, January 16th. They issued a “neutral” rating and a $21.00 price target for the company. B. Riley lowered their price target on Ramaco Resources from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Ramaco Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.90.

Ramaco Resources Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $17.13 and a two-hundred day simple moving average of $16.55. The company has a market cap of $681.16 million, a PE ratio of 8.84 and a beta of 1.15.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Thursday, March 7th. The energy company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.07). Ramaco Resources had a return on equity of 24.28% and a net margin of 11.87%. The company had revenue of $202.73 million for the quarter, compared to analysts’ expectations of $182.60 million. Equities analysts predict that Ramaco Resources, Inc. will post 1.59 EPS for the current year.

Ramaco Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Ramaco Resources’s previous quarterly dividend of $0.13. Ramaco Resources’s dividend payout ratio is 31.61%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Harbour Capital Advisors LLC raised its position in Ramaco Resources by 2.1% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,460 shares of the energy company’s stock worth $514,000 after acquiring an additional 560 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ramaco Resources by 14.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,589 shares of the energy company’s stock worth $130,000 after acquiring an additional 947 shares in the last quarter. Archer Investment Corp purchased a new position in Ramaco Resources in the fourth quarter worth $26,000. Global Retirement Partners LLC purchased a new position in Ramaco Resources in the fourth quarter worth $36,000. Finally, CenterBook Partners LP raised its position in Ramaco Resources by 1.3% in the third quarter. CenterBook Partners LP now owns 195,900 shares of the energy company’s stock worth $2,153,000 after acquiring an additional 2,591 shares in the last quarter. 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.