Ramaco Resources (METC) Stock Price, News & Analysis

Company Overview

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. The company serves blast furnace steel mills and coke plants in the United States, as well as metallurgical coal consumers internationally. Ramaco Resources, Inc. was founded in 2015 and is headquartered in Lexington, Kentucky.

Key Stats

• Today's Range: $10.01 to $10.48
• 50-Day Range: $9.25 to $15.32
• 52-Week Range: $8.72 to $22.70
• Volume: 1.43 million shs
• Average Volume: 726,398 shs
• Market Capitalization: $448.83 million
• P/E Ratio: 8.67
• Dividend Yield: 5.42%
• Price Target: $16.70
• Consensus Rating: Moderate Buy

Ramaco Resources Stock Analysis - MarketRank™

Ramaco Resources scored higher than 84% of companies evaluated by MarketBeat, and ranked 71st out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ramaco Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ramaco Resources has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 66.67%

Earnings Growth

Earnings for Ramaco Resources are expected to grow by 66.67% in the coming year, from $1.44 to $2.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ramaco Resources is 8.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.27.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ramaco Resources is 8.67, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.04.

Price to Book Value per Share Ratio

Ramaco Resources has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.27% of the float of Ramaco Resources has been sold short.

Short Interest Ratio / Days to Cover

Ramaco Resources has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in Ramaco Resources has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Ramaco Resources is a leading dividend payer. It pays a dividend yield of 5.46%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Ramaco Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ramaco Resources is 47.01%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ramaco Resources will have a dividend payout ratio of 22.92% next year. This indicates that Ramaco Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.27% of the float of Ramaco Resources has been sold short.

Short Interest Ratio / Days to Cover

Ramaco Resources has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in Ramaco Resources has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.23

News Sentiment

Ramaco Resources has a news sentiment score of -0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Ramaco Resources this week, compared to 3 articles on an average week.

Search Interest

Only 13 people have searched for METC on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Ramaco Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ramaco Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

45.98% of the stock of Ramaco Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

74.49% of the stock of Ramaco Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

METC Stock Analysis - Frequently Asked Questions

How have METC shares performed this year?

Ramaco Resources' stock was trading at $17.18 at the beginning of 2024. Since then, METC shares have decreased by 41.0% and is now trading at $10.14.
View the best growth stocks for 2024 here.

How were Ramaco Resources' earnings last quarter?

Ramaco Resources, Inc. (NASDAQ:METC) announced its earnings results on Wednesday, August, 7th. The energy company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.23. The energy company earned $155.32 million during the quarter, compared to analyst estimates of $141.66 million. Ramaco Resources had a net margin of 7.95% and a trailing twelve-month return on equity of 16.30%.

When did Ramaco Resources IPO?

Ramaco Resources (METC) raised $81 million in an IPO on Friday, February 3rd 2017. The company issued 6,000,000 shares at a price of $12.00-$15.00 per share. Credit Suisse, Jefferies and BMO Capital Markets served as the underwriters for the IPO and Clarksons Platou Securities and Seaport Global Securities were co-managers.

Who are Ramaco Resources' major shareholders?

Top institutional shareholders of Ramaco Resources include Dimensional Fund Advisors LP (3.12%), Point72 Asset Management L.P. (2.49%), American Century Companies Inc. (1.57%) and Millennium Management LLC (0.98%). Insiders that own company stock include Yorktown Xi Associates Llc, Yorktown Ix Associates Llc, Yorktown Energy Partners Ix, L, Peter A Leidel, David E K Frischkorn, Evan H Jenkins, Aurelia Skipwith Giacometto and Randall Whittaker Atkins.
View institutional ownership trends.

How do I buy shares of Ramaco Resources?

Shares of METC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ramaco Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ramaco Resources investors own include Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), Genocea Biosciences (GNCA), VBI Vaccines (VBIV), Comcast (CMCSA), Invesco (IVZ) and Rigel Pharmaceuticals (RIGL).

Company Calendar

• Last Earnings: 8/07/2024
• Ex-Dividend for 9/13 Dividend: 8/30/2024
• Dividend Payable: 9/13/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Bituminous coal & lignite mining
• Sub-Industry: Coal
• Current Symbol: NASDAQ:METC
• CUSIP: N/A
• CIK: 1687187
• Web: www.ramacoresources.com
• Phone: (859) 244-7455
• Fax: N/A
• Employees: 725
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.70
• High Stock Price Target: $21.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +60.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.17
• Trailing P/E Ratio: 8.87
• Forward P/E Ratio: 7.21
• P/E Growth: N/A
• Net Income: $82.31 million
• Net Margins: 7.95%
• Pretax Margin: 10.15%
• Return on Equity: 16.30%
• Return on Assets: 9.00%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 1.33
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: $717.69 million
• Price / Sales: 0.64
• Cash Flow: $2.80 per share
• Price / Cash Flow: 3.71
• Book Value: $7.02 per share
• Price / Book: 1.48

Miscellaneous

• Outstanding Shares: 44,263,000
• Free Float: 23,911,000
• Market Cap: $459.45 million
• Optionable: Optionable
• Beta: 1.05