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

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group decreased 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 Trading Up 4.6 %

The stock’s fifty day simple moving average is $11.11 and its two-hundred day simple moving average is $11.57. The firm has a market cap of $533.65 million, a PE ratio of 15.63 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 (NASDAQ:METC) last released its earnings results 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 company had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. On average, sell-side analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current fiscal year.

Ramaco Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued 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 5.41%. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors have recently made changes to their positions in the company. Pingora Partners LLC lifted its position in 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 acquiring an additional 2,840 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Ramaco Resources in the 3rd quarter worth about $45,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ramaco Resources in the 2nd quarter worth about $94,000. Prairiewood Capital LLC bought a new position in Ramaco Resources during the 4th quarter valued at about $103,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Ramaco Resources during the 2nd quarter valued at about $139,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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.