Yorktown Energy Partners X L.P. Trims Position in Ramaco Resources, Inc. $METC

Key Points

• Yorktown Energy Partners X L.P. reduced its holdings in Ramaco Resources by 8.3%, retaining approximately 2.9 million shares, which constitutes 59.9% of its investment portfolio valued at about $24.11 million.
• Ramaco Resources reported a quarterly loss of ($0.29) earnings per share, below analysts' expectations, despite achieving a revenue of $152.96 million, exceeding expectations of $131.55 million.
• Insider trading activity includes Director Peter A. Leidel selling 1.6 million shares for $30 million, decreasing his stake by 39% while 36.20% of the stock remains owned by company insiders.

Yorktown Energy Partners X L.P. lowered its holdings in Ramaco Resources, Inc. (NASDAQ:METC - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,929,557 shares of the energy company's stock after selling 266,642 shares during the period. Ramaco Resources comprises about 59.9% of Yorktown Energy Partners X L.P.'s investment portfolio, making the stock its biggest holding. Yorktown Energy Partners X L.P. owned about 6.60% of Ramaco Resources worth $24,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Ramaco Resources by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company's stock valued at $17,907,000 after buying an additional 142,423 shares during the last quarter. CenterBook Partners LP grew its position in Ramaco Resources by 151.0% in the first quarter. CenterBook Partners LP now owns 1,678,594 shares of the energy company's stock worth $13,815,000 after buying an additional 1,009,782 shares during the last quarter. American Century Companies Inc. raised its stake in Ramaco Resources by 8.9% during the 1st quarter. American Century Companies Inc. now owns 948,328 shares of the energy company's stock valued at $7,805,000 after purchasing an additional 77,371 shares during the period. Point72 Asset Management L.P. raised its position in Ramaco Resources by 98.9% during the fourth quarter. Point72 Asset Management L.P. now owns 696,531 shares of the energy company's stock valued at $7,146,000 after buying an additional 346,265 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in Ramaco Resources during the fourth quarter valued at $3,588,000. Institutional investors own 74.49% of the company's stock.

Ramaco Resources Price Performance

Shares of METC traded up $0.10 during mid-day trading on Wednesday, hitting $24.17. 1,976,288 shares of the company traded hands, compared to its average volume of 1,579,181. Ramaco Resources, Inc. has a one year low of $6.30 and a one year high of $27.31. The company has a current ratio of 1.36, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $20.10 and a 200 day moving average of $13.08. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -53.71 and a beta of 1.26.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on METC shares. Jefferies Financial Group reiterated a "buy" rating and set a $27.00 price objective (up from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th. Benchmark reiterated a "buy" rating and issued a $24.00 price objective (up from $14.00) on shares of Ramaco Resources in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Zacks Research raised shares of Ramaco Resources from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Ramaco Resources has a consensus rating of "Moderate Buy" and a consensus target price of $21.67.

Ramaco Resources Profile

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.