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

Shares of Ramaco Resources, Inc. (NASDAQ:METC) were up 5% on Thursday . The stock traded as high as $10.36 and last traded at $10.20. Approximately 320,780 shares were traded 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.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered 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 Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The stock has a 50-day moving average of $11.03 and a two-hundred day moving average of $11.53. The company has a market cap of $532.65 million, a P/E ratio of 15.60 and a beta of 1.18.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. On average, equities research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current year.

Ramaco Resources Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.1375 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.55 annualized dividend and a yield of 5.42%. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. DAVENPORT & Co LLC raised its holdings in shares of Ramaco Resources by 39.5% during the fourth quarter. DAVENPORT & Co LLC now owns 29,721 shares of the energy company’s stock valued at $305,000 after purchasing an additional 8,416 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. increased its position in Ramaco Resources by 0.8% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock valued at $2,251,000 after acquiring an additional 1,748 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Ramaco Resources by 68.8% in the fourth quarter. SG Americas Securities LLC now owns 16,076 shares of the energy company’s stock valued at $165,000 after acquiring an additional 6,555 shares during the period. Prairiewood Capital LLC purchased a new position in Ramaco Resources in the fourth quarter worth about $103,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Ramaco Resources in the 4th quarter worth approximately $540,000. 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.