NASDAQ:METC

Ramaco Resources (METC) Stock Forecast, Price & News

$10.19

-0.80 (-7.28%)

(As of 10:21 AM ET)

Compare

Today's Range: $10.18
▼
$10.91
50-Day Range: $7.75
▼
$10.99
52-Week Range: $7.26
▼
$12.81

Volume: 157,184 shs
Average Volume: 382,042 shs
Market Capitalization: $536.91 million

P/E Ratio: 6.14
Dividend Yield: 4.91%
Price Target: $13.33

Ramaco Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 21.3% Upside
$13.33 Price Target
Short Interest: Healthy
2.26% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.75
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 30.63%
From $1.60 to $2.09 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Oils/Energy Sector

20th out of 247 stocks

Bituminous Coal & Lignite Mining Industry

1st out of 4 stocks

2.3

Analyst's Opinion

Consensus Rating
Ramaco Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.33, Ramaco Resources has a forecasted upside of 21.3% from its current price of $10.99.
Amount of Analyst Coverage
Ramaco Resources has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.26% of the float of Ramaco Resources has been sold short.
Short Interest Ratio / Days to Cover
Ramaco Resources has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ramaco Resources has recently decreased by 15.94%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Ramaco Resources is a leading dividend payer. It pays a dividend yield of 4.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ramaco Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ramaco Resources is 30.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ramaco Resources will have a dividend payout ratio of 23.92% next year. This indicates that Ramaco Resources will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for METC.

3.2

News and Social Media Coverage

News Sentiment
Ramaco Resources has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Ramaco Resources this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for METC on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
MarketBeat Follows
7 people have added Ramaco Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ramaco Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
45.98% of the stock of Ramaco Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
49.68% of the stock of Ramaco Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Ramaco Resources are expected to grow by 30.63% in the coming year, from $1.60 to $2.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ramaco Resources is 6.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ramaco Resources is 6.62, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.84.
Price to Book Value per Share Ratio
Ramaco Resources has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.

METC Price History

30 days | 90 days | 365 days | Advanced Chart

METC Stock News Headlines

October 2, 2023 | americanbankingnews.com

Ramaco Resources, Inc. (NASDAQ:METC) Short Interest Update

September 30, 2023 | americanbankingnews.com

Ramaco Resources (NASDAQ:METC) PT Raised to $15.00 at B. Riley

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

While Wall Street flounders and giants like Amazon & Microsoft lay off thousands... One overlooked company has been quietly achieving over 400% growth. How? By buying, building, and scaling a portfolio of promising brands in high-margin, recession-resistant verticals.

September 29, 2023 | americanbankingnews.com

Ramaco Resources (NASDAQ:METC) Stock Price Up 3.4% on Analyst Upgrade

September 29, 2023 | americanbankingnews.com

Ramaco Resources, Inc. to Post Q3 2023 Earnings of $0.16 Per Share, B. Riley Forecasts (NASDAQ:METC)

September 28, 2023 | seekingalpha.com

Ramaco Resources: Despite Falling Commodity Prices, It Remains Appealing

September 28, 2023 | americanbankingnews.com

Ramaco Resources (NASDAQ:METC) Shares Gap Up Following Analyst Upgrade

September 27, 2023 | msn.com

Coal miners surge higher as benchmark prices rally; B Riley raises stock PTs

October 2, 2023 | Wall Street Fundamentals (Ad)

How is This "Hidden Gem" Thriving in a Turbulent Market?

September 24, 2023 | fool.com

Ramaco Resources (NASDAQ: METC)

September 14, 2023 | finance.yahoo.com

Is Weakness In Ramaco Resources, Inc. (NASDAQ:METC) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

August 28, 2023 | finance.yahoo.com

Ramaco Resources, Inc.'s (NASDAQ:METC) largest shareholders are private equity firms with 34% ownership, individual investors own 30%

August 11, 2023 | msn.com

Benchmark Maintains Ramaco Resources Inc - (METC) Buy Recommendation

August 11, 2023 | msn.com

B. Riley Securities Maintains Ramaco Resources Inc - (METC) Buy Recommendation

August 9, 2023 | finanznachrichten.de

Ramaco Resources, Inc.: Ramaco Resources Reports Second Quarter 2023 Results

August 8, 2023 | finance.yahoo.com

RAMACO RESOURCES REPORTS SECOND QUARTER 2023 RESULTS

August 2, 2023 | incomeinvestors.com

Record Demand & Blockbuster Discovery Makes 5.6%-Yielding Ramaco Resources Stock a No-Brainer

July 31, 2023 | finance.yahoo.com

Ramaco Resources Announces Third Quarter Cash Dividends for Both Class A and Class B Common Stock; and Date of Second Quarter 2023 Results Conference Call

July 19, 2023 | finance.yahoo.com

A Look At The Intrinsic Value Of Ramaco Resources, Inc. (NASDAQ:METC)

July 17, 2023 | finance.yahoo.com

National Researchers, Political Leaders Discuss the Role of Coal and Carbon in Energy Transition at 2023 Ramaco Research Rodeo

July 4, 2023 | finance.yahoo.com

With EPS Growth And More, Ramaco Resources (NASDAQ:METC) Makes An Interesting Case

June 28, 2023 | wsj.com

Ramaco Resources Inc. Cl A

June 27, 2023 | finance.yahoo.com

RAMACO RESOURCES, INC. RELEASES CLASS B COMMON STOCK Q&A AND UPDATED ANNUAL MEETING INVESTOR DECK

June 26, 2023 | msn.com

B. Riley Securities Maintains Ramaco Resources (METC) Buy Recommendation

June 24, 2023 | money.usnews.com

Ramaco Resources Inc - Ordinary Shares - Class A

June 23, 2023 | finance.yahoo.com

RAMACO RESOURCES, INC. DUAL-CLASS STRUCTURE UPDATE

June 20, 2023 | finance.yahoo.com

RAMACO RESOURCES, INC. ANNUAL MEETING REMINDER

See More Headlines

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METC Company Calendar

Last Earnings: 8/08/2023
Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Bituminous coal & lignite mining
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:METC
CUSIP: N/A
CIK: 1687187
Web: www.ramacoresources.com
Phone: (859) 244-7455
Fax: N/A
Employees: 725
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $13.33
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $11.00
Forecasted Upside/Downside: +21.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.66
Trailing P/E Ratio: 6.62
Forward P/E Ratio: 6.87
P/E Growth: N/A
Net Income: $116.04 million
Net Margins: 12.87%
Pretax Margin: 15.94%
Return on Equity: 24.08%
Return on Assets: 12.55%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 1.25
Quick Ratio: 0.78

Sales & Book Value

Annual Sales: $565.69 million
Price / Sales: 1.02
Cash Flow: $3.58 per share
Price / Cash Flow: 3.07
Book Value: $7.01 per share
Price / Book: 1.57

Miscellaneous

Outstanding Shares: 52,690,000
Free Float: 28,461,000
Market Cap: $579.06 million
Optionable: Not Optionable
Beta: 1.20

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Key Executives

Mr. Randall W. Atkins (Age 70)
Founder, Chairman & CEO
Comp: $2.36M

Mr. Jeremy Ryan Sussman (Age 40)
Chief Financial Officer
Comp: $1.38M

Mr. Christopher L. Blanchard (Age 48)
Exec. VP & COO
Comp: $1.29M

Mr. John C. Marcum (Age 58)
Exec. VP, Controller & Chief Accounting Officer
Comp: $1.02M

Mr. Jason T. Fannin (Age 48)
Exec. VP, Chief Commercial Officer & Chief Marketing Officer
Comp: $1.35M

Mr. James Scott Kreutzer (Age 52)
Sr. VP & Chief Admin. Officer

Mr. Barkley J. Sturgill Jr. (Age 58)
Sr. VP, Gen. Counsel & Sec.

Mr. Paul Horn
Sr. VP & Chief Mine Devel. Officer

Ms. Sabrina Duba
Sr. VP of Operations

Mr. Scott Spears
Sr. VP of Fin.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

METC Stock - Frequently Asked Questions

Should I buy or sell Ramaco Resources stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ramaco Resources in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" METC shares.
View METC analyst ratings or view top-rated stocks.
What is Ramaco Resources' stock price forecast for 2023?: 3 Wall Street analysts have issued twelve-month price objectives for Ramaco Resources' shares. Their METC share price forecasts range from $11.00 to $15.00. On average, they predict the company's stock price to reach $13.33 in the next twelve months. This suggests a possible upside of 21.3% from the stock's current price.
View analysts price targets for METC or view top-rated stocks among Wall Street analysts.
How have METC shares performed in 2023?: Ramaco Resources' stock was trading at $8.79 at the beginning of 2023. Since then, METC stock has increased by 25.0% and is now trading at $10.99.
View the best growth stocks for 2023 here.
Are investors shorting Ramaco Resources?: Ramaco Resources saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 991,900 shares, a drop of 15.9% from the August 31st total of 1,180,000 shares. Based on an average trading volume of 360,800 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.3% of the company's shares are short sold.
View Ramaco Resources' Short Interest.
When is Ramaco Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our METC earnings forecast.
How were Ramaco Resources' earnings last quarter?: Ramaco Resources, Inc. (NASDAQ:METC) released its quarterly earnings data on Tuesday, August, 8th. The energy company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by $0.16. The energy company had revenue of $137.47 million for the quarter, compared to analysts' expectations of $150.43 million. Ramaco Resources had a net margin of 12.87% and a trailing twelve-month return on equity of 24.08%.
How often does Ramaco Resources pay dividends? What is the dividend yield for Ramaco Resources?: Ramaco Resources announced a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, September 1st will be paid a dividend of $0.125 per share on Friday, September 15th. This represents a $0.50 annualized dividend and a yield of 4.55%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for METC.
Is Ramaco Resources a good dividend stock?: Ramaco Resources (NASDAQ:METC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 4.55%. METC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, METC will have a dividend payout ratio of 23.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for METC.

What other stocks do shareholders of Ramaco Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ramaco Resources investors own include Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), Genocea Biosciences (GNCA), VBI Vaccines (VBIV), Comcast (CMCSA), Invesco (IVZ), Rigel Pharmaceuticals (RIGL), Sangamo Therapeutics (SGMO), Sorrento Therapeutics (SRNE) and Trevena (TRVN).
When did Ramaco Resources IPO?: (METC) raised $81 million in an initial public offering (IPO) on Friday, February 3rd 2017. The company issued 6,000,000 shares at $12.00-$15.00 per share. Credit Suisse, Jefferies and BMO Capital Markets acted as the underwriters for the IPO and Clarksons Platou Securities and Seaport Global Securities were co-managers.
What is Ramaco Resources' stock symbol?: Ramaco Resources trades on the NASDAQ under the ticker symbol "METC."
How do I buy shares of Ramaco Resources?: Shares of METC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Ramaco Resources' stock price today?: One share of METC stock can currently be purchased for approximately $10.99.
How much money does Ramaco Resources make?: Ramaco Resources (NASDAQ:METC) has a market capitalization of $579.06 million and generates $565.69 million in revenue each year. The energy company earns $116.04 million in net income (profit) each year or $1.66 on an earnings per share basis.
How many employees does Ramaco Resources have?: The company employs 725 workers across the globe.
How can I contact Ramaco Resources?: Ramaco Resources' mailing address is 250 WEST MAIN STREET SUITE 210, LEXINGTON KY, 40507. The official website for the company is www.ramacoresources.com. The energy company can be reached via phone at (859) 244-7455 or via email at info@ramacocoal.com.

This page (NASDAQ:METC) was last updated on 10/2/2023 by MarketBeat.com Staff

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