Ramaco Resources (METC) Scheduled to Post Earnings on Tuesday

Ramaco Resources (NASDAQ:METC) will be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Ramaco Resources to post earnings of $0.44 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Tuesday, August 8th. The energy company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). The business had revenue of $137.47 million for the quarter, compared to the consensus estimate of $150.43 million. Ramaco Resources had a return on equity of 24.08% and a net margin of 12.87%. On average, analysts expect Ramaco Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ramaco Resources Price Performance

Shares of NASDAQ:METC opened at $12.13 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.25 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $639.13 million, a PE ratio of 7.31 and a beta of 1.06. Ramaco Resources has a twelve month low of $7.26 and a twelve month high of $12.85. The company has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $9.06.

Ramaco Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 4.12%. Ramaco Resources’s dividend payout ratio is presently 30.12%.

Hedge Funds Weigh In On Ramaco Resources

A number of large investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Ramaco Resources by 6.7% in the second quarter. BlackRock Inc. now owns 1,653,575 shares of the energy company’s stock valued at $13,956,000 after acquiring an additional 103,813 shares during the period. Vanguard Group Inc. lifted its position in Ramaco Resources by 15.4% during the third quarter. Vanguard Group Inc. now owns 1,477,720 shares of the energy company’s stock valued at $13,595,000 after purchasing an additional 197,224 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Ramaco Resources by 533.0% during the first quarter. JPMorgan Chase & Co. now owns 959,504 shares of the energy company’s stock valued at $15,160,000 after purchasing an additional 807,921 shares during the last quarter. Millennium Management LLC lifted its position in Ramaco Resources by 48.5% during the second quarter. Millennium Management LLC now owns 778,205 shares of the energy company’s stock valued at $10,233,000 after purchasing an additional 254,263 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Ramaco Resources by 14.2% during the second quarter. Geode Capital Management LLC now owns 521,774 shares of the energy company’s stock valued at $4,404,000 after purchasing an additional 64,955 shares during the last quarter. 49.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on METC shares. Benchmark increased their target price on shares of Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. B. Riley increased their target price on shares of Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Finally, Jefferies Financial Group increased their target price on shares of Ramaco Resources from $10.50 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, October 4th.

About Ramaco Resources

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.