Ramaco Resources, Inc. (NASDAQ:METC) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Ramaco Resources, Inc. (NASDAQ: METC) has received an average rating of "Moderate Buy" from five analysts, with three giving buy ratings and two assigning holds.
• Director Peter A. Leidel sold 1.6 million shares for $30 million, resulting in a 39% decrease in his ownership of the stock.
• Despite reporting a quarterly loss, Ramaco Resources' revenue surpassed expectations, totaling $152.96 million, compared to analyst estimates of $131.55 million.

Shares of Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report) have been given an average rating of "Moderate Buy" by the five analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.6667.

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Ramaco Resources from $27.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ramaco Resources in a research report on Saturday, September 27th. Benchmark restated a "buy" rating and issued a $24.00 price target (up previously from $14.00) on shares of Ramaco Resources in a report on Tuesday, August 5th. Finally, Zacks Research raised shares of Ramaco Resources from a "strong sell" rating to a "hold" rating in a report on Friday, August 29th.

Insider Transactions at Ramaco Resources

In other news, Director Peter A. Leidel sold 1,600,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $18.75, for a total value of $30,000,000.00. Following the completion of the transaction, the director directly owned 2,502,930 shares in the company, valued at $46,929,937.50. This trade represents a 39.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 36.20% of the company's stock.

Institutional Trading of Ramaco Resources

A number of institutional investors and hedge funds have recently made changes to their positions in METC. Brooklyn Investment Group acquired a new position in shares of Ramaco Resources in the first quarter valued at $25,000. Ameritas Investment Partners Inc. lifted its position in Ramaco Resources by 63.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,632 shares of the energy company's stock valued at $48,000 after purchasing an additional 1,416 shares during the period. State of Wyoming acquired a new position in shares of Ramaco Resources in the 1st quarter valued at $50,000. AlphaQuest LLC increased its stake in shares of Ramaco Resources by 30.6% in 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 during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Ramaco Resources by 384.0% during the second quarter. Farther Finance Advisors LLC now owns 3,920 shares of the energy company's stock worth $52,000 after purchasing an additional 3,110 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company's stock.

Ramaco Resources Stock Up 7.7%

Shares of METC traded up $2.70 during midday trading on Friday, reaching $37.75. The stock had a trading volume of 3,430,035 shares, compared to its average volume of 1,741,497. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -83.89 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. Ramaco Resources has a 1-year low of $6.30 and a 1-year high of $37.88. The company's fifty day simple moving average is $25.65 and its two-hundred day simple moving average is $16.03.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported ($0.29) earnings per share 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 analysts' expectations of $131.55 million. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.55%. Ramaco Resources's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Equities research analysts expect that Ramaco Resources will post 0.05 earnings per share for the current year.

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.

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