Ramaco Resources (METC) Scheduled to Post Quarterly Earnings on Wednesday

Ramaco Resources (NASDAQ:METC - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Ramaco Resources to post earnings of $0.22 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The energy company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.07). The company had revenue of $202.73 million during the quarter, compared to analyst estimates of $182.60 million. Ramaco Resources had a return on equity of 24.28% and a net margin of 11.87%. On average, analysts expect Ramaco Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ramaco Resources Trading Down 0.3 %

Shares of Ramaco Resources stock traded down $0.04 during midday trading on Wednesday, reaching $15.64. The company had a trading volume of 430,797 shares, compared to its average volume of 901,735. The stock has a fifty day moving average price of $16.87 and a 200 day moving average price of $16.75. 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 has a market cap of $692.23 million, a PE ratio of 8.99 and a beta of 1.15. Ramaco Resources has a fifty-two week low of $7.26 and a fifty-two week high of $22.70.

Ramaco Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.138 dividend. This is a positive change from Ramaco Resources's previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, February 29th. Ramaco Resources's payout ratio is currently 31.61%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group assumed coverage on Ramaco Resources in a research note on Tuesday, January 16th. They issued a "neutral" rating and a $21.00 price objective on the stock. B. Riley cut their price objective on Ramaco Resources from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $17.90.

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.