Ramaco Resources, Inc. Announces Quarterly Dividend of $0.14 (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC) declared a quarterly dividend on Saturday, November 23rd,RTT News reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.1375 per share by the energy company on Monday, December 16th. This represents a $0.55 annualized dividend and a yield of 4.38%. The ex-dividend date is Monday, December 2nd.

Ramaco Resources has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Ramaco Resources to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 26.7%.

Ramaco Resources Stock Performance

Shares of METC opened at $12.56 on Monday. The stock has a 50-day moving average of $11.17 and a 200-day moving average of $12.28. Ramaco Resources has a one year low of $9.03 and a one year high of $22.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The company has a market cap of $659.78 million, a PE ratio of 19.32 and a beta of 1.08.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. On average, equities research analysts predict that Ramaco Resources will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

METC has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Ramaco Resources in a research note on Thursday, August 29th. B. Riley cut their target price on Ramaco Resources from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th.

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.