Ramaco Resources (NASDAQ:METC) Releases Earnings Results, Misses Expectations By $0.01 EPS

Ramaco Resources (NASDAQ:METC) posted its earnings results on Monday. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), RTT News reports. Ramaco Resources had a return on equity of 10.12% and a net margin of 5.35%. The business had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year.

Ramaco Resources Stock Up 0.7 %

Shares of METC stock traded up $0.09 during mid-day trading on Thursday, reaching $12.51. 233,239 shares of the company’s stock traded hands, compared to its average volume of 686,597. The company’s 50-day moving average price is $10.75 and its 200-day moving average price is $12.59. The company has a market cap of $547.06 million, a P/E ratio of 19.11 and a beta of 1.08. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23. Ramaco Resources has a 12 month low of $9.03 and a 12 month high of $22.70.

Ramaco Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.138 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a yield of 4.41%. Ramaco Resources’s dividend payout ratio (DPR) is 84.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley reduced their target price on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, September 17th. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Ramaco Resources in a research report on Thursday, August 29th.

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.