Ramaco Resources (NASDAQ:METCB) Trading Up 8% - What's Next?

Key Points

• Ramaco Resources' stock price increased by 8% on Thursday, reaching $16.66 after trading as high as $16.78, despite a significant drop in trading volume.
• The company reported a negative earnings per share of ($0.29) for the last quarter with a total revenue of $152.96 million and a negative net margin of 3.17%.
• Ramaco Resources announced an increase in its quarterly dividend to $0.1918 per share, equating to an annualized yield of 4.4%, with the payout scheduled for September 19th.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s share price was up 8% during trading on Thursday . The company traded as high as $16.78 and last traded at $16.66. Approximately 47,529 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 104,105 shares. The stock had previously closed at $15.42.

Ramaco Resources Trading Down 0.1%

The company has a market cap of $970.39 million, a P/E ratio of -38.19 and a beta of 0.91. 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 business has a 50-day moving average price of $15.11 and a two-hundred day moving average price of $10.45.

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

Ramaco Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.1918 per share. The ex-dividend date was Friday, September 5th. This is an increase 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 4.4%. Ramaco Resources's dividend payout ratio is presently -167.39%.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Encompass Capital Advisors LLC increased its holdings in Ramaco Resources by 79.5% in the second quarter. Encompass Capital Advisors LLC now owns 41,820 shares of the company's stock valued at $342,000 after purchasing an additional 18,524 shares during the last quarter. Yorktown Energy Partners XI L.P. increased its holdings in 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 valued at $9,981,000 after purchasing an additional 208,397 shares during the last quarter. Yorktown Energy Partners IX L.P. increased its holdings in 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 valued at $9,849,000 after purchasing an additional 188,278 shares during the last quarter. Yorktown Energy Partners X L.P. increased its holdings in Ramaco Resources by 20.6% in 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. Finally, Jane Street Group LLC bought a new stake in Ramaco Resources in the second quarter valued at about $187,000. Institutional investors own 9.63% 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.