Ramaco Resources (METC) Set to Announce Quarterly Earnings on Wednesday

Ramaco Resources (NASDAQ:METC) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Ramaco Resources Stock Down 1.8 %

Shares of METC opened at $13.20 on Wednesday. The company’s 50-day simple moving average is $13.62 and its 200-day simple moving average is $15.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.23. Ramaco Resources has a 1 year low of $7.65 and a 1 year high of $22.70. The stock has a market capitalization of $700.79 million, a PE ratio of 11.28 and a beta of 1.09.

Ramaco Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Saturday, June 1st were paid a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.18%. Ramaco Resources’s payout ratio is 47.01%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Benchmark cut their target price on shares of Ramaco Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. B. Riley cut their target price on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Insider Buying and Selling at Ramaco Resources

In related news, General Counsel Evan H. Jenkins purchased 7,158 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average cost of $13.97 per share, for a total transaction of $99,997.26. Following the completion of the purchase, the general counsel now directly owns 23,480 shares of the company’s stock, valued at approximately $328,015.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.98% of the stock is currently owned by insiders.

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.