Ramaco Resources (NASDAQ:METC) Shares Down 4% - Time to Sell?

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report)'s share price was down 4% on Thursday . The stock traded as low as $11.45 and last traded at $11.53. Approximately 331,552 shares traded hands during trading, a decline of 52% from the average daily volume of 686,378 shares. The stock had previously closed at $12.01.

Analyst Ratings Changes

A number of research analysts recently commented on METC shares. Wall Street Zen lowered shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark decreased 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 note on Tuesday, May 13th. Finally, B. Riley decreased 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 note on Friday, April 11th.

Ramaco Resources Trading Down 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 firm's 50-day moving average price is $10.13 and its 200 day moving average price is $9.63. The company has a market capitalization of $649.56 million, a P/E ratio of -148.44 and a beta of 1.30.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly 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. The company had revenue of $115.61 million for the quarter, compared to analysts' expectations of $137.10 million. Ramaco Resources had a negative net margin of 0.05% and a negative return on equity of 0.08%. Ramaco Resources's revenue was down 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. As a group, equities research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, May 30th. Ramaco Resources's payout ratio is currently -350.00%.

Institutional Trading of Ramaco Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in shares of Ramaco Resources by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company's stock worth $390,000 after acquiring an additional 3,754 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Ramaco Resources during the fourth quarter worth $224,000. Cetera Investment Advisers boosted its position in shares of Ramaco Resources by 27.3% during the fourth quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock worth $132,000 after acquiring an additional 2,760 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Ramaco Resources by 59.4% during the first quarter. Exchange Traded Concepts LLC now owns 69,763 shares of the energy company's stock worth $574,000 after acquiring an additional 25,992 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ramaco Resources by 3.5% during 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 worth $427,000 after acquiring an additional 1,425 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

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.