Lunt Capital Management Inc. Has $10.04 Million Stock Position in Ramaco Resources, Inc. $METC

Key Points

• Lunt Capital Management increased its stake in Ramaco Resources by 801.3% in Q4 to 557,899 shares, a holding worth about $10.04 million that represents ~0.85% of the company and is Lunt's 5th largest position.
• Ramaco authorized a $100.00 million share repurchase plan (up to 9.7% of shares) and reported Q results with EPS of ($0.22) beating estimates by $0.02 but revenue of $108.7M that missed consensus and was down 25.1% year‑over‑year; the stock trades near $13.96 with a market cap of ~$937M.
• Analysts are mixed but the consensus is a Hold with an average price target of $31.86, as major brokers have both cut and maintained varying ratings (e.g., Goldman Sachs cut its target to $14 and set a "sell").

Lunt Capital Management Inc. grew its holdings in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 801.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 557,899 shares of the energy company's stock after purchasing an additional 495,999 shares during the quarter. Ramaco Resources comprises approximately 3.8% of Lunt Capital Management Inc.'s portfolio, making the stock its 5th biggest holding. Lunt Capital Management Inc. owned 0.85% of Ramaco Resources worth $10,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in METC. Goldman Sachs Group Inc. boosted its position in Ramaco Resources by 27.0% during the first quarter. Goldman Sachs Group Inc. now owns 274,545 shares of the energy company's stock worth $2,260,000 after purchasing an additional 58,304 shares during the period. Empowered Funds LLC boosted its position in Ramaco Resources by 1.8% during the first quarter. Empowered Funds LLC now owns 123,110 shares of the energy company's stock worth $1,013,000 after purchasing an additional 2,223 shares during the period. Rhumbline Advisers boosted its position in Ramaco Resources by 40.1% during the second quarter. Rhumbline Advisers now owns 49,605 shares of the energy company's stock worth $652,000 after purchasing an additional 14,199 shares during the period. Hsbc Holdings PLC boosted its position in Ramaco Resources by 91.4% during the second quarter. Hsbc Holdings PLC now owns 27,338 shares of the energy company's stock worth $358,000 after purchasing an additional 13,053 shares during the period. Finally, New York State Common Retirement Fund boosted its position in Ramaco Resources by 144.8% during the second quarter. New York State Common Retirement Fund now owns 32,039 shares of the energy company's stock worth $421,000 after purchasing an additional 18,951 shares during the period. Institutional investors own 74.49% of the company's stock.

Wall Street Analyst Weigh In

METC has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of Ramaco Resources from $16.00 to $14.00 and set a "sell" rating on the stock in a report on Monday, March 2nd. Robert W. Baird lowered their price target on shares of Ramaco Resources from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. Morgan Stanley lowered their price target on shares of Ramaco Resources from $17.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, April 9th. Weiss Ratings reissued a "sell (d+)" rating on shares of Ramaco Resources in a report on Monday, December 29th. Finally, Zacks Research raised shares of Ramaco Resources from a "strong sell" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $31.86.

Ramaco Resources Trading Up 3.0%

Shares of Ramaco Resources stock opened at $13.96 on Tuesday. Ramaco Resources, Inc. has a 12-month low of $8.21 and a 12-month high of $57.80. The company has a market cap of $936.98 million, a price-to-earnings ratio of -14.10 and a beta of 1.43. The company has a current ratio of 5.46, a quick ratio of 4.66 and a debt-to-equity ratio of 0.95. The company's 50-day moving average price is $15.58 and its 200-day moving average price is $21.70.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its earnings results on Wednesday, February 25th. The energy company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.02. The business had revenue of $108.72 million for the quarter, compared to the consensus estimate of $143.48 million. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 12.01%. Ramaco Resources's quarterly revenue was down 25.1% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. On average, equities analysts expect that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Ramaco Resources announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 23rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Ramaco Resources Profile

Ramaco Resources, Inc NASDAQ: METC is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.

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