Ramaco Resources (NASDAQ:METC) Shares Up 7.5% - Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) traded up 7.5% during trading on Wednesday . The company traded as high as $10.18 and last traded at $10.15. 541,983 shares were traded during mid-day trading, a decline of 12% from the average session volume of 617,170 shares. The stock had previously closed at $9.44.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen lowered Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley cut their target price on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Benchmark cut their target price on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th.

Ramaco Resources Stock Down 2.7%

The business has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $9.85. The stock has a market capitalization of $528.44 million, a P/E ratio of 14.86 and a beta of 1.28. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The energy company reported ($0.19) earnings per share for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $115.61 million for the quarter, compared to analysts' expectations of $137.10 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business's revenue was down 22.0% compared to the same quarter last year. Equities research analysts forecast that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is -337.50%.

Insider Transactions at Ramaco Resources

In other news, Director Peter A. Leidel sold 180,936 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $8.82, for a total transaction of $1,595,855.52. Following the sale, the director now owns 708,001 shares in the company, valued at approximately $6,244,568.82. This represents a 20.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $722,129.31. Following the sale, the insider now owns 1,059,909 shares in the company, valued at $9,125,816.49. The trade was a 7.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 922,582 shares of company stock worth $7,898,023. Insiders own 36.20% of the company's stock.

Hedge Funds Weigh In On Ramaco Resources

Several hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ramaco Resources by 3.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock valued at $427,000 after acquiring an additional 1,425 shares during the last quarter. AlphaQuest LLC boosted its holdings in Ramaco Resources by 30.6% during the first quarter. AlphaQuest LLC now owns 6,332 shares of the energy company's stock worth $52,000 after buying an additional 1,482 shares during the last quarter. Legal & General Group Plc boosted its holdings in Ramaco Resources by 15.3% during the fourth quarter. Legal & General Group Plc now owns 13,752 shares of the energy company's stock worth $141,000 after buying an additional 1,822 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Ramaco Resources by 13.9% during the fourth 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. Finally, New York State Common Retirement Fund boosted its holdings in Ramaco Resources by 12.5% during the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company's stock worth $185,000 after buying an additional 2,000 shares during the last quarter. Institutional investors 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.