Ramaco Resources (NASDAQ:METC) Issues Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Ramaco Resources (NASDAQ:METC) released its earnings results on Monday. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36), Zacks reports. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis.

Ramaco Resources Stock Performance

NASDAQ METC traded down $0.07 during trading hours on Monday, hitting $8.40. The company had a trading volume of 641,528 shares, compared to its average volume of 576,323. Ramaco Resources has a fifty-two week low of $8.19 and a fifty-two week high of $20.11. The firm has a market cap of $441.24 million, a P/E ratio of 12.92 and a beta of 1.17. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $10.72.

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.1375 per share. The ex-dividend date is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a yield of 6.55%. Ramaco Resources’s payout ratio is currently 84.62%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group decreased their price target on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, January 6th.

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.