Ramaco Resources (NASDAQ:METCB) Stock Price Down 4.6% - What's Next?

Key Points

• Ramaco Resources' stock price fell by 4.6% to $14.50, with trading volume decreasing by 52% from the average daily volume.
• The company reported a negative EPS of ($0.29) in its last quarterly earnings, along with a negative net margin of 3.17% and a negative return on equity of 5.70%.
• Ramaco Resources increased its quarterly dividend to $0.1918, resulting in an annual yield of 5.3%, despite a payout ratio of -167.39%.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) shares dropped 4.6% on Friday . The company traded as low as $14.31 and last traded at $14.50. Approximately 51,638 shares changed hands during trading, a decline of 52% from the average daily volume of 106,677 shares. The stock had previously closed at $15.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ramaco Resources in a report on Wednesday, October 8th. One 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 capitalization of $796.14 million, a price-to-earnings ratio of -31.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.36. The company's fifty day simple moving average is $16.79 and its two-hundred day simple moving average is $12.05.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last posted 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 business had revenue of $152.96 million during the quarter.

Ramaco Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were given a $0.1918 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.77 annualized dividend and a yield of 5.3%. This is a boost from Ramaco Resources's previous quarterly dividend of $0.18. Ramaco Resources's payout ratio is -167.39%.

Institutional Trading of Ramaco Resources

Several hedge funds have recently bought and sold shares of the company. Yorktown Energy Partners XI L.P. lifted its stake in shares of Ramaco Resources by 20.6% in the 2nd 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 period. Yorktown Energy Partners IX L.P. lifted its stake in Ramaco Resources by 18.5% during the second quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company's stock valued at $9,849,000 after purchasing an additional 188,278 shares during the last quarter. Yorktown Energy Partners X L.P. lifted 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 valued at $6,597,000 after purchasing an additional 137,742 shares during the last quarter. Acuitas Investments LLC lifted 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 valued at $1,476,000 after purchasing an additional 30,558 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Ramaco Resources by 12.7% during the second quarter. American Century Companies Inc. now owns 221,581 shares of the company's stock valued at $1,813,000 after acquiring an additional 24,924 shares during the period. 9.63% of the stock is currently owned by institutional investors.

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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