Ramaco Resources, Inc. (METC) to Distribute Quarterly Dividend of $0.07 on June 13th

Ramaco Resources, Inc. (NASDAQ:METC) announced a quarterly dividend on Monday, March 17th, RTT News reports. Stockholders 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 dividend payout ratio of 31.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 %

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

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

Analyst Upgrades and Downgrades

METC has been the subject of several analyst reports. Benchmark reiterated a “buy” rating on shares of Ramaco Resources in a research note on Wednesday, March 12th. Jefferies Financial Group reduced their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 6th.

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.