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

Ramaco Resources, Inc. (NASDAQ:METC) announced 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 dividend on an annualized basis 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of NASDAQ METC opened at $9.86 on Thursday. The stock’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $11.40. The stock has a market capitalization of $517.95 million, a price-to-earnings ratio of 15.17 and a beta of 1.18. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. Ramaco Resources has a 52-week low of $8.87 and a 52-week high of $20.70.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $156.41 million. During the same period in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Ramaco Resources will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price target on shares of 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.