Ramaco Resources, Inc. (NASDAQ:METC - Get Free Report)'s stock price traded up 10.4% during trading on Tuesday . The stock traded as high as $20.73 and last traded at $21.11. 1,594,869 shares traded hands during trading, an increase of 104% from the average session volume of 780,288 shares. The stock had previously closed at $19.12.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. B. Riley cut their target price on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group reiterated a "buy" rating and set a $27.00 target price (up from $15.00) on shares of Ramaco Resources in a research note on Wednesday. Benchmark dropped their price objective on shares of Ramaco Resources from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen cut shares of Ramaco Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Stock Analysis on METC
Ramaco Resources Trading Down 2.5%
The company has a market cap of $1.17 billion, a price-to-earnings ratio of -267.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.32. The business's 50 day moving average price is $10.99 and its 200-day moving average price is $9.92.
Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The energy company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.10. The company had revenue of $115.61 million during the quarter, compared to analysts' expectations of $137.10 million. Ramaco Resources had a negative net margin of 0.05% and a negative return on equity of 0.08%. The business's revenue was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. On average, research analysts forecast that Ramaco Resources, Inc. will post 0.05 EPS for the current year.
Ramaco Resources Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.0688 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, May 30th. Ramaco Resources's dividend payout ratio (DPR) is currently -337.50%.
Institutional Investors Weigh In On Ramaco Resources
A number of hedge funds have recently made changes to their positions in METC. Brooklyn Investment Group acquired a new stake in shares of Ramaco Resources during the 1st quarter worth about $25,000. AlphaQuest LLC bought a new stake in Ramaco Resources during the 4th quarter worth about $50,000. State of Wyoming bought a new stake in Ramaco Resources during the 1st quarter worth about $50,000. Farther Finance Advisors LLC grew its holdings in Ramaco Resources by 384.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,920 shares of the energy company's stock worth $52,000 after acquiring an additional 3,110 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Ramaco Resources during the 4th quarter worth about $56,000. Institutional investors and hedge funds own 74.49% of the company's stock.
About Ramaco Resources
(
Get Free Report)
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.
Read More
Before you consider Ramaco Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ramaco Resources wasn't on the list.
While Ramaco Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
