Ramaco Resources (NASDAQ:METCB) Announces Earnings Results

Key Points

• Ramaco Resources reported an earnings per share (EPS) of ($0.29) for the quarter, along with a revenue of $152.96 million.
• Following the earnings announcement, the company's stock price dropped by 6.9%, closing at $12.64.
• The company declared a quarterly dividend of $0.1811 per share, resulting in an annualized dividend yield of 5.7%.

Ramaco Resources (NASDAQ:METCB - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $152.96 million during the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%.

Ramaco Resources Price Performance

Shares of Ramaco Resources stock traded down $1.14 during trading on Wednesday, reaching $13.24. 290,573 shares of the company traded hands, compared to its average volume of 99,892. Ramaco Resources has a 1-year low of $6.01 and a 1-year high of $16.40. The company has a 50 day moving average price of $9.90 and a 200-day moving average price of $8.92. The firm has a market capitalization of $724.23 million, a PE ratio of -28.78 and a beta of 0.89.

Ramaco Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.1811 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Friday, May 30th. Ramaco Resources's payout ratio is -156.52%.

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.