Ramaco Resources, Inc. (NASDAQ:METC) Director Bryan H. Lawrence Sells 28,172 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Bryan H. Lawrence sold 28,172 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $16.46, for a total transaction of $463,711.12. Following the transaction, the director now directly owns 729,746 shares in the company, valued at $12,011,619.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ramaco Resources Stock Performance

Ramaco Resources stock traded down $0.66 during midday trading on Monday, reaching $16.43. The stock had a trading volume of 1,460,118 shares, compared to its average volume of 487,794. The company has a quick ratio of 0.83, a current ratio of 1.19 and a debt-to-equity ratio of 0.21. Ramaco Resources, Inc. has a 12 month low of $7.26 and a 12 month high of $19.94. The firm has a market capitalization of $865.70 million, a PE ratio of 11.25 and a beta of 1.06. The firm’s 50-day moving average price is $11.47 and its 200 day moving average price is $9.60.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Ramaco Resources had a return on equity of 20.69% and a net margin of 10.65%. The company had revenue of $187.00 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. As a group, research analysts predict that Ramaco Resources, Inc. will post 1.75 earnings per share for the current fiscal year.

Ramaco Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.125 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 3.04%. Ramaco Resources’s dividend payout ratio is currently 34.25%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on METC. Benchmark increased their target price on Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. B. Riley increased their target price on Ramaco Resources from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, September 27th. BMO Capital Markets increased their target price on Ramaco Resources from $10.00 to $12.00 and gave the stock a “market perform” rating in a report on Thursday, November 9th. Finally, Jefferies Financial Group raised their target price on Ramaco Resources from $10.50 to $12.50 and gave the company a “buy” rating in a report on Wednesday, October 4th.

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently modified their holdings of METC. Strs Ohio increased its stake in Ramaco Resources by 8.5% in the second quarter. Strs Ohio now owns 19,100 shares of the energy company’s stock valued at $161,000 after acquiring an additional 1,500 shares during the last quarter. South Dakota Investment Council grew its position in shares of Ramaco Resources by 55.2% in the 1st quarter. South Dakota Investment Council now owns 451,909 shares of the energy company’s stock worth $3,981,000 after buying an additional 160,734 shares during the last quarter. Foundry Partners LLC grew its position in shares of Ramaco Resources by 66.2% in the 1st quarter. Foundry Partners LLC now owns 246,305 shares of the energy company’s stock worth $2,170,000 after buying an additional 98,150 shares during the last quarter. Koss Olinger Consulting LLC grew its position in shares of Ramaco Resources by 26.7% in the 2nd quarter. Koss Olinger Consulting LLC now owns 24,378 shares of the energy company’s stock worth $206,000 after buying an additional 5,139 shares during the last quarter. Finally, CSS LLC IL bought a new stake in shares of Ramaco Resources in the 2nd quarter worth approximately $145,000. Hedge funds and other institutional investors own 49.68% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.