Stock Traders Purchase Large Volume of Ramaco Resources Call Options (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC) was the recipient of unusually large options trading on Tuesday. Traders acquired 3,487 call options on the stock. This is an increase of approximately 514% compared to the average volume of 568 call options.

Analysts Set New Price Targets

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

Ramaco Resources Stock Performance

Shares of METC stock traded up $2.85 on Tuesday, reaching $11.25. The stock had a trading volume of 994,905 shares, compared to its average volume of 578,647. Ramaco Resources has a 12 month low of $8.17 and a 12 month high of $20.11. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $591.00 million, a price-to-earnings ratio of 17.52 and a beta of 1.17. The firm’s 50-day moving average is $9.67 and its two-hundred day moving average is $10.72.

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

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.55 annualized dividend and a dividend yield of 4.89%. Ramaco Resources’s dividend payout ratio is currently 84.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of METC. Pingora Partners LLC raised its position 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 valued at $43,000 after buying an additional 2,840 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Ramaco Resources during the third quarter valued at approximately $45,000. AlphaQuest LLC acquired a new position in Ramaco Resources during the fourth quarter valued at approximately $50,000. Campbell Capital Management Inc. bought a new stake in Ramaco Resources during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Ramaco Resources in the 4th quarter valued at $56,000. Institutional investors and hedge funds 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.