Ramaco Resources (NASDAQ:METC) Trading 7% Higher - Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report)'s stock price was up 7% during trading on Wednesday . The stock traded as high as $9.55 and last traded at $9.52. Approximately 715,284 shares changed hands during trading, an increase of 21% from the average daily volume of 591,693 shares. The stock had previously closed at $8.90.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. B. Riley 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 Friday, April 11th. Benchmark reaffirmed a "buy" rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group decreased their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, January 6th.

Ramaco Resources Stock Performance

The company has a market capitalization of $511.92 million, a price-to-earnings ratio of 14.58 and a beta of 1.14. The company's fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $10.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.36). The business had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company's quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.90%. Ramaco Resources's dividend payout ratio (DPR) is presently 245.45%.

Insider Buying and Selling at Ramaco Resources

In other news, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the stock in a transaction on Friday, March 21st. The stock was 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. This represents a 7.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter A. Leidel sold 245,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $8.85, for a total value of $2,168,250.00. Following the sale, the director now owns 695,601 shares in the company, valued at approximately $6,156,068.85. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 922,582 shares of company stock valued at $7,898,023 in the last quarter. Corporate insiders own 41.20% of the company's stock.

Institutional Trading of Ramaco Resources

Several hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in Ramaco Resources in the fourth quarter valued at $50,000. Campbell Capital Management Inc. bought a new stake in shares of Ramaco Resources during the 4th quarter valued at $51,000. Jones Financial Companies Lllp bought a new position in Ramaco Resources during the fourth quarter worth about $56,000. BNP Paribas Financial Markets bought a new position in Ramaco Resources during the 4th quarter worth approximately $80,000. Finally, Royce & Associates LP bought a new stake in shares of Ramaco Resources in the 4th quarter valued at $94,000. Institutional investors 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.