1 day Ago By ABMN Staff
Shares of Ramaco Resources, Inc. ( NASDAQ:METC – Get Free Report ) traded down 3.3% during trading on Friday .
The stock traded as low as $10.30 and last traded at $10.36.
41,104 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 189,024 shares. The stock had previously closed at $10.71.
Analysts Set New Price Targets Separately, B. Riley cut their price target on shares of Ramaco Resources from $19.00 to $18.
00 and set a “buy” rating for the company in a report on Tuesday, September 17th. Read Our Latest Analysis on Ramaco Resources Ramaco Resources Stock Down 3.3 % Ramaco Resources ( NASDAQ:METC – Get Free Report ) last posted 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). The company had revenue of $167.40 million during the quarter, compared to analyst estimates of $156.
41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.
17%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis.
During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts anticipate that Ramaco Resources, Inc.
will post 0.86 EPS for the current fiscal year. Ramaco Resources Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Monday, December 16th.
Stockholders of record on Monday, December 2nd were paid a $0.1375 dividend. This represents a $0.
55 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Monday, December 2nd.
Ramaco Resources’s payout ratio is 84.62%. Institutional Investors Weigh In On Ramaco Resources Hedge funds and other institutional investors have recently bought and sold shares of the company.
Wellington Management Group LLP acquired a new stake in shares of Ramaco Resources during the third quarter valued at about $22,127,000. Dimensional Fund Advisors LP raised its holdings in Ramaco Resources by 21.7% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock valued at $17,186,000 after buying an additional 245,924 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ramaco Resources by 231.
3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock worth $3,070,000 after buying an additional 183,163 shares during the period.
Marshall Wace LLP grew its holdings in Ramaco Resources by 287.2% during the 2nd quarter. Marshall Wace LLP now owns 125,565 shares of the energy company’s stock worth $1,563,000 after acquiring an additional 93,139 shares during the last quarter.
Finally, American Century Companies Inc. increased its position in Ramaco Resources by 14.9% in the 2nd quarter.
American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after acquiring an additional 90,014 shares during the period. Institutional investors own 74.
49% of the company’s stock. About Ramaco Resources ( Get Free Report ) 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.
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