Ramaco Resources, Inc. $METC is Yorktown Energy Partners IX L.P.'s Largest Position

Key Points

• Yorktown Energy Partners IX L.P. owns $29.83 million worth of Ramaco Resources, comprising 80.5% of its holdings, after reducing its stake by 8.3% in the first quarter.
• Ramaco Resources had a quarterly revenue of $152.96 million, slightly up from previous estimates, but reported an EPS loss of ($0.29), missing the consensus estimate.
• Several analysts have set ambitious price targets for Ramaco Resources, with Jefferies Financial Group raising its target to $27.00 and Benchmark increasing it to $24.00.

Yorktown Energy Partners IX L.P. decreased its stake in shares of Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,625,044 shares of the energy company's stock after selling 329,943 shares during the quarter. Ramaco Resources comprises approximately 80.5% of Yorktown Energy Partners IX L.P.'s investment portfolio, making the stock its largest holding. Yorktown Energy Partners IX L.P. owned about 8.16% of Ramaco Resources worth $29,834,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Ramaco Resources by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company's stock valued at $427,000 after acquiring an additional 1,425 shares in the last quarter. AlphaQuest LLC lifted its stake in Ramaco Resources by 30.6% during the 1st quarter. AlphaQuest LLC now owns 6,332 shares of the energy company's stock valued at $52,000 after acquiring an additional 1,482 shares in the last quarter. Empowered Funds LLC lifted its stake in Ramaco Resources by 1.8% during the 1st quarter. Empowered Funds LLC now owns 123,110 shares of the energy company's stock valued at $1,013,000 after acquiring an additional 2,223 shares in the last quarter. Cetera Investment Advisers lifted its stake in Ramaco Resources by 27.3% during the 4th quarter. Cetera Investment Advisers now owns 12,872 shares of the energy company's stock valued at $132,000 after acquiring an additional 2,760 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Ramaco Resources during the 1st quarter valued at $25,000. Institutional investors and hedge funds own 74.49% of the company's stock.

Ramaco Resources Stock Performance

Ramaco Resources stock traded up $0.06 during midday trading on Friday, reaching $24.25. The stock had a trading volume of 1,659,386 shares, compared to its average volume of 2,706,336. Ramaco Resources, Inc. has a 12 month low of $6.30 and a 12 month high of $28.40. The firm's 50-day moving average price is $22.29 and its 200 day moving average price is $13.95. The firm has a market capitalization of $1.34 billion, a PE ratio of -53.89 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 1.36 and a debt-to-equity ratio of 0.36.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The energy company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.07). The firm had revenue of $152.96 million during the quarter, compared to the consensus estimate of $131.55 million. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.55%. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, research analysts predict that Ramaco Resources, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Benchmark reiterated a "buy" rating and set a $24.00 target price (up from $14.00) on shares of Ramaco Resources in a research note on Tuesday, August 5th. Zacks Research upgraded Ramaco Resources from a "strong sell" rating to a "hold" rating in a research note on Friday, August 29th. Jefferies Financial Group reiterated a "buy" rating and set a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Ramaco Resources has a consensus rating of "Moderate Buy" and an average target price of $21.67.

Insiders Place Their Bets

In other Ramaco Resources news, Director Peter A. Leidel sold 1,600,000 shares of Ramaco Resources stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $18.75, for a total transaction of $30,000,000.00. Following the completion of the transaction, the director owned 2,502,930 shares of the company's stock, valued at $46,929,937.50. The trade was a 39.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 36.20% of the stock is owned by insiders.

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.