Ramaco Resources (NASDAQ:METC) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Ramaco Resources received a "hold (C-)" rating from Weiss Ratings, while other analysts have provided a mix of ratings, including a "buy" from Benchmark with a price target of $24.00.
• The company's quarterly earnings missed analysts' expectations, reporting a loss of ($0.29) EPS compared to estimates of ($0.22), alongside a revenue of $152.96 million.
• Director Peter A. Leidel sold 1.6 million shares of Ramaco Resources at $18.75 each, resulting in a 39% decrease in his ownership of the company.

Ramaco Resources (NASDAQ:METC - Get Free Report)'s stock had its "hold (c-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also issued reports about the company. Benchmark reissued a "buy" rating and set a $24.00 price target (up from $14.00) on shares of Ramaco Resources in a research note on Tuesday, August 5th. Zacks Research upgraded Ramaco Resources from a "strong sell" rating to a "hold" rating in a research report on Friday, August 29th. B. Riley lifted their target price on Ramaco Resources from $14.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on Ramaco Resources from $27.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.67.

Ramaco Resources Stock Performance

Shares of METC stock opened at $41.49 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $16.87. Ramaco Resources has a one year low of $6.30 and a one year high of $42.61. The stock has a market cap of $2.29 billion, a PE ratio of -92.20 and a beta of 1.37.

Ramaco Resources (NASDAQ:METC - Get Free Report) last released its quarterly earnings results 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). Ramaco Resources had a negative return on equity of 5.55% and a negative net margin of 3.17%.The firm had revenue of $152.96 million for the quarter, compared to analyst estimates of $131.55 million. During the same period last year, the company earned $0.08 EPS. The company's revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ramaco Resources will post 0.05 earnings per share for the current year.

Insider Activity

In related news, Director Peter A. Leidel sold 1,600,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $18.75, for a total transaction 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. The trade was a 39.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 36.20% of the company's stock.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Ramaco Resources during the 1st quarter valued at about $555,000. XTX Topco Ltd purchased a new stake in Ramaco Resources in the 1st quarter worth approximately $111,000. Exchange Traded Concepts LLC lifted its holdings in Ramaco Resources by 59.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 69,763 shares of the energy company's stock worth $574,000 after buying an additional 25,992 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ramaco Resources by 3.5% in 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 worth $427,000 after buying an additional 1,425 shares during the period. Finally, CenterBook Partners LP lifted its holdings in Ramaco Resources by 151.0% in the 1st 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 period. 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.

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