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

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

Ramaco Resources Stock Up 0.6 %

Shares of NASDAQ METC opened at $10.16 on Tuesday. Ramaco Resources has a 52-week low of $9.03 and a 52-week high of $22.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.33. The stock has a market cap of $444.30 million, a P/E ratio of 9.41 and a beta of 1.08. The firm has a 50 day moving average price of $10.76 and a 200 day moving average price of $12.62.

Ramaco Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources’s payout ratio is 50.93%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. 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 target price on shares of Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a research note 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.