Ramaco Resources (NASDAQ:METC) Trading Up 5% – Should You Buy?

Ramaco Resources, Inc. (NASDAQ:METC) was up 5% during trading on Thursday . The company traded as high as $10.36 and last traded at $10.20. Approximately 320,780 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 467,995 shares. The stock had previously closed at $9.71.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Ramaco Resources Stock Performance

The firm has a market cap of $533.65 million, a PE ratio of 15.63 and a beta of 1.18. The firm’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $11.57. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

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 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%. Ramaco Resources’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Monday, December 2nd. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

Institutional Investors Weigh In On Ramaco Resources

Hedge funds have recently bought and sold shares of the business. Pingora Partners LLC grew its stake in shares of Ramaco Resources by 330.2% in the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after buying an additional 2,840 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Ramaco Resources in the 3rd quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ramaco Resources in the second quarter worth about $94,000. Prairiewood Capital LLC bought a new stake in Ramaco Resources during the fourth quarter worth approximately $103,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ramaco Resources during the second quarter worth approximately $139,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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.