Ramaco Resources (NASDAQ:METC) Sees Unusually-High Trading Volume - Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) shares saw an uptick in trading volume on Monday . 1,627,239 shares were traded during trading, an increase of 86% from the previous session's volume of 876,689 shares.The stock last traded at $21.94 and had previously closed at $22.42.

Analyst Ratings Changes

Several brokerages recently weighed in on METC. Benchmark decreased their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wall Street Zen downgraded Ramaco Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Jefferies Financial Group reissued a "buy" rating and issued a $27.00 target price (up previously from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th. Finally, B. Riley reduced their target price on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a report on Friday, April 11th.

Ramaco Resources Trading Up 1.1%

The company has a quick ratio of 0.87, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $10.49. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -285.38 and a beta of 1.30.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its earnings results on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. Ramaco Resources had a negative return on equity of 0.08% and a negative net margin of 0.05%. The company had revenue of $115.61 million during the quarter, compared to the consensus estimate of $137.10 million. During the same quarter last year, the company earned $0.23 earnings per share. Ramaco Resources's quarterly revenue was down 22.0% compared to the same quarter last year. On average, equities analysts anticipate that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is presently -350.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers raised its stake in shares of Ramaco Resources by 27.3% during the 4th quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock worth $132,000 after buying an additional 2,760 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Ramaco Resources by 59.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 69,763 shares of the energy company's stock worth $574,000 after buying an additional 25,992 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ramaco Resources by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock worth $427,000 after buying an additional 1,425 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Ramaco Resources during the 4th quarter worth $224,000. Finally, MetLife Investment Management LLC raised its stake in shares of Ramaco Resources by 13.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock worth $166,000 after buying an additional 1,970 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company's stock.

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.