Ramaco Resources (NASDAQ:METC) Shares Gap Down to $15.96

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $15.96, but opened at $14.66. Ramaco Resources shares last traded at $13.87, with a volume of 289,614 shares.

Analyst Upgrades and Downgrades

METC has been the topic of several recent analyst reports. UBS Group initiated coverage on Ramaco Resources in a report on Tuesday, January 16th. They issued a "neutral" rating and a $21.00 target price on the stock. B. Riley cut their price objective on shares of Ramaco Resources from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.90.

Ramaco Resources Trading Down 16.7 %

The business's 50 day simple moving average is $16.61 and its 200 day simple moving average is $16.89. 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 company has a market capitalization of $588.70 million, a price-to-earnings ratio of 7.56 and a beta of 1.15.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its earnings results on Thursday, March 7th. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.07). The company had revenue of $202.73 million during the quarter, compared to analysts' expectations of $182.60 million. Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. Research analysts anticipate that Ramaco Resources, Inc. will post 1.59 EPS for the current year.

Ramaco Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.138 per share. This is a boost from Ramaco Resources's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.55 annualized dividend and a yield of 4.15%. Ramaco Resources's payout ratio is presently 31.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Archer Investment Corp purchased a new stake in shares of Ramaco Resources during the 4th quarter worth $26,000. Global Retirement Partners LLC purchased a new position in Ramaco Resources in the fourth quarter valued at about $36,000. AJOVista LLC acquired a new stake in shares of Ramaco Resources during the 4th quarter valued at approximately $69,000. Tower Research Capital LLC TRC boosted its stake in shares of Ramaco Resources by 48,333.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,359 shares of the energy company's stock worth $75,000 after acquiring an additional 4,350 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Ramaco Resources in the 1st quarter worth approximately $93,000. Institutional investors and hedge funds 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.