Ramaco Resources, Inc. (NASDAQ:METC) Announces $0.14 Quarterly Dividend

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Saturday, June 1st will be given a dividend of 0.138 per share by the energy company on Saturday, June 15th. This represents a $0.55 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, May 31st.

Ramaco Resources has a dividend payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ramaco Resources to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 25.8%.

Ramaco Resources Trading Down 2.6 %

Shares of Ramaco Resources stock traded down $0.35 during trading on Friday, hitting $12.95. The stock had a trading volume of 1,010,675 shares, compared to its average volume of 899,207. Ramaco Resources has a 12 month low of $7.26 and a 12 month high of $22.70. 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 firm's fifty day simple moving average is $16.53 and its 200-day simple moving average is $16.87. The stock has a market cap of $573.21 million, a PE ratio of 7.38 and a beta of 1.15.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported $0.60 earnings per share (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 firm had revenue of $202.73 million during the quarter, compared to the consensus estimate of $182.60 million. As a group, sell-side analysts expect that Ramaco Resources will post 1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

METC has been the subject of several research reports. UBS Group initiated coverage on shares of Ramaco Resources in a research report on Tuesday, January 16th. They issued a "neutral" rating and a $21.00 price objective for the company. B. Riley lowered their price target on Ramaco Resources from $24.00 to $22.00 and set a "buy" rating for the company in a report on Friday. Finally, Benchmark dropped their price objective on Ramaco Resources from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ramaco Resources currently has a consensus rating of "Moderate Buy" and an average target price of $17.50.

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.