Ramaco Resources, Inc. (NASDAQ:METC) Announces $0.07 Quarterly Dividend

Ramaco Resources, Inc. (NASDAQ:METC) announced a quarterly dividend on Monday, March 17th, RTT News reports. Investors of record on Friday, May 30th will be paid a dividend of 0.0688 per share by the energy company on Friday, June 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.84%.

Ramaco Resources has a payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Ramaco Resources to earn $0.49 per share next year, which means the company may not be able to cover its $0.55 annual dividend with an expected future payout ratio of 112.2%.

Ramaco Resources Stock Up 4.5 %

NASDAQ:METC opened at $9.67 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The stock has a 50-day simple moving average of $9.59 and a 200 day simple moving average of $10.59. The company has a market cap of $507.96 million, a PE ratio of 14.88 and a beta of 1.17. Ramaco Resources has a 52-week low of $8.17 and a 52-week high of $17.23.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company had revenue of $170.90 million for the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. On average, sell-side analysts expect that Ramaco Resources will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group lowered their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

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.