Wall Street Zen Downgrades Ramaco Resources (NASDAQ:METC) to Sell

Ramaco Resources (NASDAQ:METC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Thursday.

A number of other analysts have also recently commented on METC. Benchmark dropped their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. B. Riley dropped their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Ramaco Resources Stock Up 1.9%

METC traded up $0.17 on Thursday, hitting $9.24. The company had a trading volume of 169,642 shares, compared to its average volume of 607,303. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The stock has a fifty day simple moving average of $8.95 and a 200-day simple moving average of $9.96. Ramaco Resources has a 52-week low of $6.30 and a 52-week high of $15.49. The firm has a market capitalization of $505.52 million, a P/E ratio of 14.22 and a beta of 1.28.

Ramaco Resources (NASDAQ:METC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.10. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $115.61 million for the quarter, compared to analysts' expectations of $137.10 million. During the same period in the previous year, the firm posted $0.23 EPS. The business's revenue for the quarter was down 22.0% compared to the same quarter last year. As a group, equities analysts expect that Ramaco Resources will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter A. Leidel sold 180,936 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $8.82, for a total value of $1,595,855.52. Following the completion of the transaction, the director now directly owns 708,001 shares in the company, valued at $6,244,568.82. The trade was a 20.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 98,274 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $8.85, for a total transaction of $869,724.90. Following the completion of the transaction, the insider now owns 1,052,404 shares of the company's stock, valued at approximately $9,313,775.40. The trade was a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 922,582 shares of company stock worth $7,898,023 in the last three months. Insiders own 36.20% of the company's stock.

Institutional Investors Weigh In On Ramaco Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 buying an additional 1,425 shares during the last quarter. AlphaQuest LLC raised 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 buying an additional 1,482 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in Ramaco Resources by 0.8% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company's stock valued at $2,251,000 after buying an additional 1,748 shares during the last quarter. Legal & General Group Plc raised its stake in Ramaco Resources by 15.3% during the 4th quarter. Legal & General Group Plc now owns 13,752 shares of the energy company's stock valued at $141,000 after buying an additional 1,822 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Ramaco Resources by 13.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,189 shares of the energy company's stock valued at $166,000 after buying an additional 1,970 shares during the last quarter. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

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.