Ramaco Resources (NASDAQ:METCB) Trading Down 3.9% - Here's Why

Key Points

• Ramaco Resources (NASDAQ:METCB) saw its share price decrease by 3.9%, closing at $16.66 after a trading session with 49% lower volume than average.
• The company reported a quarterly earnings loss of ($0.29) EPS with revenues of $152.96 million, alongside a negative return on equity of 5.70%.
• Ramaco recently declared a quarterly dividend of $0.1811 per share with a yield of 4.6%, despite having a negative dividend payout ratio of -156.52%.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s share price was down 3.9% on Monday . The company traded as low as $16.82 and last traded at $16.66. Approximately 55,313 shares were traded during trading, a decline of 49% from the average daily volume of 107,697 shares. The stock had previously closed at $17.34.

Ramaco Resources Price Performance

The firm has a market capitalization of $877.88 million, a price-to-earnings ratio of -34.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The stock's 50 day moving average price is $11.12 and its two-hundred day moving average price is $9.26.

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

Ramaco Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.1811 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 4.6%. Ramaco Resources's dividend payout ratio (DPR) is currently -156.52%.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Yorktown Energy Partners XI L.P. increased 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 valued at $9,981,000 after buying an additional 208,397 shares in the last quarter. Yorktown Energy Partners IX L.P. lifted its holdings in Ramaco Resources by 18.5% during the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company's stock worth $9,849,000 after buying an additional 188,278 shares in the last quarter. Yorktown Energy Partners X L.P. boosted its position in Ramaco Resources by 20.6% in the 2nd quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company's stock valued at $6,597,000 after buying an additional 137,742 shares during the last quarter. First Manhattan CO. LLC. increased its stake in shares of Ramaco Resources by 2.9% in the 1st quarter. First Manhattan CO. LLC. now owns 257,093 shares of the company's stock valued at $1,828,000 after buying an additional 7,181 shares during the period. Finally, American Century Companies Inc. raised its position 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 worth $1,813,000 after acquiring an additional 24,924 shares during 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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