Ramaco Resources, Inc. (METC) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Eight brokerages give Ramaco Resources an average “Hold” rating, with three buys, three holds and two sells. The average 12-month price target is $22.43, though several firms recently lowered their targets or ratings.
• Recent financial performance remains weak: Ramaco reported a quarterly loss of $0.26 per share in line with estimates, but revenue of $122.32 million fell short of the $133.11 million consensus. Analysts expect a full-year loss of approximately $0.97 per share.
• The stock has declined significantly: Shares opened at $8.76, near their 52-week low of $7.77 and well below the 52-week high of $57.80. A major shareholder also sold 500,000 shares, reducing its stake by 9.41%, while institutional investors own 74.49% of the company.

Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) has earned an average rating of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $22.43.

Several research firms have recently issued reports on METC. Zacks Research lowered shares of Ramaco Resources from a "hold" rating to a "strong sell" rating in a research report on Friday, July 17th. Morgan Stanley cut their price objective on shares of Ramaco Resources from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, August 18th. Wall Street Zen downgraded shares of Ramaco Resources from a "sell" rating to a "strong sell" rating in a report on Sunday, October 4th. Robert W. Baird reiterated a "neutral" rating and issued a $13.00 price objective on shares of Ramaco Resources in a research note on Tuesday, August 18th. Finally, Benchmark reduced their price objective on shares of Ramaco Resources from $38.00 to $26.00 and set a "buy" rating for the company in a research note on Thursday, August 6th.

Ramaco Resources Trading Up 0.7%

Shares of Ramaco Resources stock opened at $8.76 on Tuesday. Ramaco Resources has a 52-week low of $7.77 and a 52-week high of $57.80. The stock's 50-day simple moving average is $10.68 and its 200 day simple moving average is $12.70. The stock has a market capitalization of $555.30 million, a P/E ratio of -8.19 and a beta of 1.64. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.31 and a current ratio of 4.23.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy company reported ($0.26) EPS for the quarter, meeting the consensus estimate of ($0.26). The business had revenue of $122.32 million for the quarter, compared to the consensus estimate of $133.11 million. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 13.54%. As a group, research analysts anticipate that Ramaco Resources will post -0.97 EPS for the current year.

Insider Activity

In other Ramaco Resources news, major shareholder Discovery Capital Management, sold 500,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $9.57, for a total transaction of $4,785,000.00. Following the sale, the insider owned 4,811,360 shares in the company, valued at $46,044,715.20. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 46.07% of the stock is currently owned by corporate insiders.

Institutional Trading of Ramaco Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in METC. State Street Corp increased its position in shares of Ramaco Resources by 6.7% during the second quarter. State Street Corp now owns 3,059,847 shares of the energy company's stock valued at $40,482,000 after buying an additional 192,663 shares during the period. Gratia Capital LLC purchased a new stake in shares of Ramaco Resources in the second quarter worth about $1,826,000. AlphaGrep UK Ltd boosted its position in shares of Ramaco Resources by 19.5% in the second quarter. AlphaGrep UK Ltd now owns 18,620 shares of the energy company's stock valued at $246,000 after acquiring an additional 3,044 shares during the period. Van ECK Associates Corp boosted its position in shares of Ramaco Resources by 8.4% in the second quarter. Van ECK Associates Corp now owns 38,894 shares of the energy company's stock valued at $515,000 after acquiring an additional 3,028 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Ramaco Resources by 134.7% in the second quarter. Hsbc Holdings PLC now owns 29,899 shares of the energy company's stock valued at $388,000 after acquiring an additional 17,158 shares during the period. 74.49% of the stock is currently owned by institutional investors.

About Ramaco Resources

Ramaco Resources, Inc is a producer of metallurgical coal, which is used primarily in the manufacture of steel and metallurgical coke. The company develops and operates coal mining properties and sells its products to domestic and international steel, coke and industrial customers.

Ramaco's operations and development properties are located in major U.S. coal-producing regions, including southern West Virginia, southwestern Virginia and Wyoming. Its portfolio has included the Elk Creek and Berwind mining complexes in West Virginia, the RAM No.

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