Ramaco Resources (NASDAQ:METC) Shares Down 4.8%

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) traded down 4.8% during trading on Tuesday . The company traded as low as $14.72 and last traded at $14.87. 102,055 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 925,369 shares. The stock had previously closed at $15.62.

Analyst Ratings Changes

METC has been the topic of several recent research reports. B. Riley dropped their target price 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. UBS Group initiated coverage on shares of Ramaco Resources in a report on Tuesday, January 16th. They issued a "neutral" rating and a $21.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.90.

Ramaco Resources Trading Down 6.0 %

The company's 50-day moving average price is $17.20 and its 200-day moving average price is $16.52. The firm has a market cap of $650.18 million, a price-to-earnings ratio of 8.43 and a beta of 1.15. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.10.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly 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). Ramaco Resources had a return on equity of 24.28% and a net margin of 11.87%. The business had revenue of $202.73 million during the quarter, compared to analysts' expectations of $182.60 million. Equities analysts expect that Ramaco Resources, Inc. will post 1.59 EPS for the current fiscal year.

Ramaco Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.138 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Ramaco Resources's previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a yield of 3.76%. Ramaco Resources's payout ratio is 31.61%.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors have recently made changes to their positions in METC. Brandywine Global Investment Management LLC acquired a new position in shares of Ramaco Resources in the third quarter valued at approximately $1,450,000. Russell Investments Group Ltd. acquired a new position in Ramaco Resources during the 4th quarter worth approximately $2,023,000. Arkfeld Wealth Strategies L.L.C. lifted its position in shares of Ramaco Resources by 226.1% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 133,502 shares of the energy company's stock worth $2,111,000 after buying an additional 92,567 shares during the last quarter. Level Four Advisory Services LLC purchased a new stake in shares of Ramaco Resources during the 4th quarter worth approximately $1,198,000. Finally, Cypress Capital Management LLC WY purchased a new stake in shares of Ramaco Resources during the 4th quarter worth approximately $1,133,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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.