Ramaco Resources (NASDAQ:METC) Given Buy Rating at Jefferies Financial Group

Ramaco Resources (NASDAQ:METC - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Jefferies Financial Group in a report released on Wednesday, July 16th, MarketBeat.com reports. They currently have a $27.00 price objective on the energy company's stock, up from their prior price objective of $15.00. Jefferies Financial Group's price objective would suggest a potential upside of 19.79% from the company's current price.

A number of other equities analysts have also recently commented on METC. Benchmark decreased their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen cut Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, B. Riley decreased their price target on Ramaco Resources from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.

Ramaco Resources Trading Down 1.3%

Ramaco Resources stock traded down $0.29 during trading hours on Wednesday, reaching $22.54. The company had a trading volume of 1,534,960 shares, compared to its average volume of 3,896,559. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.32 and a quick ratio of 0.87. The company has a 50-day moving average price of $13.04 and a 200 day moving average price of $10.59. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -281.75 and a beta of 1.30. Ramaco Resources has a 12-month low of $6.30 and a 12-month high of $24.75.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced 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. The business had revenue of $115.61 million for the quarter, compared to analysts' expectations of $137.10 million. Ramaco Resources had a negative return on equity of 0.08% and a negative net margin of 0.05%. The business's quarterly revenue was down 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Equities analysts forecast that Ramaco Resources will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Ramaco Resources

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Ramaco Resources by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,745,409 shares of the energy company's stock worth $17,907,000 after purchasing an additional 142,423 shares during the period. CenterBook Partners LP grew its stake 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 purchasing an additional 1,009,782 shares during the period. Encompass Capital Advisors LLC purchased a new stake in Ramaco Resources in the first quarter worth $13,248,000. American Century Companies Inc. grew its stake in Ramaco Resources by 8.9% in the first quarter. American Century Companies Inc. now owns 948,328 shares of the energy company's stock worth $7,805,000 after purchasing an additional 77,371 shares during the period. Finally, Discovery Capital Management LLC CT purchased a new stake in Ramaco Resources in the fourth quarter worth $9,289,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Company 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.