Ramaco Resources Sees Unusually High Options Volume (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Investors acquired 9,354 call options on the company. This is an increase of 173% compared to the typical volume of 3,424 call options.

Hedge Funds Weigh In On Ramaco Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ramaco Resources by 3.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock worth $427,000 after purchasing an additional 1,425 shares during the period. AlphaQuest LLC raised its holdings in shares of Ramaco Resources by 30.6% during the 1st quarter. AlphaQuest LLC now owns 6,332 shares of the energy company's stock valued at $52,000 after purchasing an additional 1,482 shares in the last quarter. Legal & General Group Plc lifted its position in Ramaco Resources by 15.3% during the 4th quarter. Legal & General Group Plc now owns 13,752 shares of the energy company's stock worth $141,000 after acquiring an additional 1,822 shares during the last quarter. MetLife Investment Management LLC lifted its position in Ramaco Resources by 13.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock worth $166,000 after acquiring an additional 1,970 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Ramaco Resources by 1.8% during the 1st quarter. Empowered Funds LLC now owns 123,110 shares of the energy company's stock worth $1,013,000 after acquiring an additional 2,223 shares during the last quarter. Institutional investors and hedge funds own 74.49% of the company's stock.

Ramaco Resources Stock Down 1.1%

Shares of METC stock traded down $0.24 during trading hours on Friday, hitting $22.42. 3,625,828 shares of the company were exchanged, compared to its average volume of 869,153. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.32. Ramaco Resources has a one year low of $6.24 and a one year high of $24.75. The business's 50-day simple moving average is $11.49 and its two-hundred day simple moving average is $10.08. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -280.25 and a beta of 1.30.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The energy company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.10. The firm had revenue of $115.61 million for the quarter, compared to analyst estimates of $137.10 million. Ramaco Resources had a negative net margin of 0.05% and a negative return on equity of 0.08%. Ramaco Resources's quarterly revenue was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. Sell-side analysts predict that Ramaco Resources will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.0688 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Friday, May 30th. Ramaco Resources's dividend payout ratio is -350.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $27.00 price target (up from $15.00) on shares of Ramaco Resources in a research report on Wednesday. Wall Street Zen cut shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. B. Riley decreased their price target on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Benchmark decreased their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th.

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.