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

Ramaco Resources (NASDAQ:METC) issued 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. The firm had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm’s revenue was down 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS.

Ramaco Resources Price Performance

Shares of METC traded down $0.07 during trading hours on Monday, reaching $8.40. 641,528 shares of the company traded hands, 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 stock has a market capitalization of $441.24 million, a PE ratio of 12.92 and a beta of 1.17. The stock has a fifty day simple moving average of $9.67 and a 200 day simple moving average of $10.72. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23.

Ramaco Resources Dividend Announcement

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 given a dividend of $0.1375 per share. The ex-dividend date is Friday, February 28th. This represents a $0.55 annualized dividend and a dividend yield of 6.55%. Ramaco Resources’s dividend payout ratio is currently 84.62%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group decreased their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

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.