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

Ramaco Resources (NASDAQ:METC) issued its quarterly earnings data on Monday. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), RTT News reports. The company had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. Ramaco Resources had a net margin of 7.95% and a return on equity of 16.30%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share.

Ramaco Resources Price Performance

Ramaco Resources stock opened at $11.13 on Wednesday. The business’s 50-day simple moving average is $10.74 and its 200 day simple moving average is $12.59. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23. The stock has a market cap of $486.70 million, a price-to-earnings ratio of 17.12 and a beta of 1.08. Ramaco Resources has a 12-month low of $9.03 and a 12-month high of $22.70.

Ramaco Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.138 per share. The ex-dividend date was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.96%. Ramaco Resources’s payout ratio is currently 84.62%.

Wall Street Analysts Forecast Growth

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

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.