17,488 Shares in Ramaco Resources, Inc. (NASDAQ:METC) Bought by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. invested $144,000 in Ramaco Resources, acquiring 17,488 shares during the first quarter.
• Ramaco Resources reported a quarterly earnings per share (EPS) of (0.19), beating analysts’ expectations, although revenue was down 22.0% year-over-year.
• The company's stock price decreased by 3.6%, closing at $20.77, with a 1-year low of $6.30 and a high of $24.75.

Texas Yale Capital Corp. acquired a new position in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,488 shares of the energy company's stock, valued at approximately $144,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in Ramaco Resources during the fourth quarter worth about $80,000. Parkwood LLC purchased a new stake in shares of Ramaco Resources during the fourth quarter worth approximately $109,000. UNC Management Company Inc. purchased a new stake in shares of Ramaco Resources during the fourth quarter worth approximately $109,000. Jump Financial LLC purchased a new stake in shares of Ramaco Resources during the fourth quarter worth approximately $111,000. Finally, Cetera Investment Advisers increased its stake in shares of Ramaco Resources by 27.3% during the fourth quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock worth $132,000 after buying an additional 2,760 shares during the period. Hedge funds and other institutional investors own 74.49% of the company's stock.

Ramaco Resources Stock Down 7.7%

Ramaco Resources stock traded down $1.58 during mid-day trading on Friday, hitting $18.78. The company had a trading volume of 2,767,791 shares, compared to its average volume of 1,253,056. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -234.80 and a beta of 1.30. Ramaco Resources, Inc. has a 1 year low of $6.30 and a 1 year high of $24.75. The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $13.96 and a 200 day moving average of $10.89.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.07). The company had revenue of $152.96 million during the quarter, compared to analysts' expectations of $131.55 million. Ramaco Resources had a negative net margin of 0.05% and a negative return on equity of 0.08%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, sell-side analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.0688 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.5%. Ramaco Resources's dividend payout ratio (DPR) is currently -350.00%.

Analysts Set New Price Targets

METC has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark cut their target price on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Jefferies Financial Group reiterated a "buy" rating and issued a $27.00 price target (up from $15.00) on shares of Ramaco Resources in a research note on Wednesday, July 16th. Finally, B. Riley dropped their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.

Ramaco Resources 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.