Ramaco Resources (NASDAQ:METC) Issues Quarterly Earnings Results

Ramaco Resources (NASDAQ:METC - Get Free Report) released its quarterly earnings results on Monday. The energy company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.10, Zacks reports. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $115.61 million for the quarter, compared to analyst estimates of $137.10 million. During the same period last year, the firm earned $0.23 earnings per share. Ramaco Resources's revenue for the quarter was down 22.0% compared to the same quarter last year.

Ramaco Resources Price Performance

Ramaco Resources stock traded up $0.22 during trading hours on Friday, reaching $9.33. 659,595 shares of the stock were exchanged, compared to its average volume of 608,756. The company has a market cap of $414.33 million, a P/E ratio of 14.35 and a beta of 1.28. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. Ramaco Resources has a twelve month low of $6.30 and a twelve month high of $15.49. The stock has a 50 day moving average of $8.99 and a two-hundred day moving average of $10.06.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.0688 per share. The ex-dividend date is Friday, May 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.95%. Ramaco Resources's payout ratio is 245.45%.

Analysts Set New Price Targets

A number of research firms recently commented on METC. Benchmark lowered their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday. B. Riley lowered their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Insiders Place Their Bets

In other news, Director Peter A. Leidel sold 225,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.08, for a total value of $1,818,000.00. Following the sale, the director now directly owns 677,403 shares in the company, valued at approximately $5,473,416.24. This trade represents a 24.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $8.61, for a total transaction of $722,129.31. Following the completion of the sale, the insider now owns 1,059,909 shares in the company, valued at approximately $9,125,816.49. The trade was a 7.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 922,582 shares of company stock worth $7,898,023 over the last ninety days. Corporate insiders own 41.20% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ramaco Resources stock. Goldman Sachs Group Inc. boosted its holdings in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 27.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,545 shares of the energy company's stock after buying an additional 58,304 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.62% of Ramaco Resources worth $2,260,000 at the end of the most recent reporting period. 74.49% of the stock is owned by institutional investors and hedge funds.

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.