Ramaco Resources (NASDAQ:METCB) Shares Gap Up - Should You Buy?

Key Points

• Ramaco Resources, Inc. shares experienced a significant increase, opening at $19.74, up from the previous closing price of $18.32, with a current trading price around $19.68.
• The company reported a negative EPS of ($0.29) for the last quarter, with a revenue of $152.96 million and a negative net margin of 3.17%.
• Ramaco Resources has declared a quarterly dividend of $0.1918, an increase from the previous $0.18, representing a 3.7% annualized yield, despite a payout ratio of -165.22%.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $18.32, but opened at $19.74. Ramaco Resources shares last traded at $19.68, with a volume of 44,661 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ramaco Resources in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ramaco Resources currently has an average rating of "Hold".

Ramaco Resources Stock Performance

The company has a market cap of $1.13 billion, a P/E ratio of -44.53 and a beta of 0.90. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average price is $16.23 and its 200 day moving average price is $11.44.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) EPS for the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%. The firm had revenue of $152.96 million during the quarter.

Ramaco Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a $0.1918 dividend. This is a positive change from Ramaco Resources's previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. Ramaco Resources's payout ratio is -165.22%.

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds and other institutional investors have recently modified their holdings of METCB. Yorktown Energy Partners XI L.P. grew its stake in shares of Ramaco Resources by 20.6% in the second quarter. Yorktown Energy Partners XI L.P. now owns 1,220,133 shares of the company's stock worth $9,981,000 after acquiring an additional 208,397 shares during the last quarter. Yorktown Energy Partners IX L.P. grew its stake in shares of Ramaco Resources by 18.5% in the second quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company's stock worth $9,849,000 after acquiring an additional 188,278 shares during the last quarter. Yorktown Energy Partners X L.P. boosted its stake in Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company's stock worth $6,597,000 after buying an additional 137,742 shares in the last quarter. Acuitas Investments LLC boosted its stake in Ramaco Resources by 20.4% during the second quarter. Acuitas Investments LLC now owns 180,458 shares of the company's stock worth $1,476,000 after buying an additional 30,558 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Ramaco Resources by 12.7% during the second quarter. American Century Companies Inc. now owns 221,581 shares of the company's stock worth $1,813,000 after buying an additional 24,924 shares in the last quarter. Institutional investors and hedge funds own 9.63% 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.

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