Ramaco Resources (NASDAQ:METC) Announces Earnings Results, Misses Expectations By $0.36 EPS

Ramaco Resources (NASDAQ:METC) released its quarterly earnings results on Monday. The energy company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $166.59 million. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis.

Ramaco Resources Trading Up 38.3 %

Shares of NASDAQ METC opened at $11.62 on Wednesday. The company’s 50 day simple moving average is $9.63 and its 200 day simple moving average is $10.69. Ramaco Resources has a fifty-two week low of $8.17 and a fifty-two week high of $19.20. The firm has a market capitalization of $610.39 million, a P/E ratio of 17.88 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86.

Ramaco Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.1375 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.55 annualized dividend and a yield of 4.73%. Ramaco Resources’s dividend payout ratio is currently 84.62%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research 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.