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

Ramaco Resources, Inc. (NASDAQ:METC) declared a quarterly dividend on Wednesday, January 29th,NASDAQ Dividends reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.1375 per share by the energy company on Friday, March 14th. This represents a $0.55 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Friday, February 28th.

Ramaco Resources has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ramaco Resources to earn $0.72 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 76.4%.

Ramaco Resources Trading Up 4.1 %

Ramaco Resources stock opened at $9.86 on Thursday. Ramaco Resources has a one year low of $8.87 and a one year high of $20.70. The company’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $11.40. 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 capitalization of $517.95 million, a price-to-earnings ratio of 15.17 and a beta of 1.18.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm 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 firm’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, analysts forecast that Ramaco Resources will post 0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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