Ramaco Resources (NASDAQ:METC) Stock Price Up 3.6%

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report)'s share price shot up 3.6% during trading on Wednesday . The stock traded as high as $16.92 and last traded at $16.75. 208,102 shares were traded during mid-day trading, a decline of 78% from the average session volume of 950,261 shares. The stock had previously closed at $16.17.

Analyst Ratings Changes

Several research firms have commented on METC. B. Riley cut 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. UBS Group assumed 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ramaco Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.90.

Ramaco Resources Stock Performance

The company has a market capitalization of $723.21 million, a P/E ratio of 9.39 and a beta of 1.15. The firm has a 50 day moving average price of $17.26 and a two-hundred day moving average price of $16.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 1.12.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data 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). Ramaco Resources had a net margin of 11.87% and a return on equity of 24.28%. The company had revenue of $202.73 million during the quarter, compared to the consensus estimate of $182.60 million. On average, research analysts expect that Ramaco Resources, Inc. will post 2.37 earnings per share for the current fiscal year.

Ramaco Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.138 per share. The ex-dividend date was Thursday, February 29th. 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 yield of 3.38%. Ramaco Resources's dividend payout ratio is 31.61%.

Institutional Investors Weigh In On Ramaco Resources

Large investors have recently bought and sold shares of the business. Brandywine Global Investment Management LLC bought a new stake in Ramaco Resources during the 3rd quarter worth approximately $1,450,000. Jump Financial LLC bought a new stake in Ramaco Resources during the 3rd quarter worth approximately $397,000. Swiss National Bank grew its position in Ramaco Resources by 9.3% during the 3rd quarter. Swiss National Bank now owns 63,500 shares of the energy company's stock worth $698,000 after acquiring an additional 5,400 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Ramaco Resources during the 4th quarter worth approximately $36,000. Finally, Denali Advisors LLC bought a new stake in Ramaco Resources during the 3rd quarter worth approximately $413,000. 74.49% of the stock is currently owned by institutional investors.

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.