NASDAQ:METCRamaco Resources Stock Price, Forecast & News

Ramaco Resources' stock was trading at $2.32 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, METC shares have decreased by 5.2% and is now trading at $2.20. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ramaco Resources in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ramaco Resources.

Ramaco Resources is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for Ramaco Resources.

Ramaco Resources Inc (NASDAQ:METC) announced its quarterly earnings results on Tuesday, May, 12th. The energy company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The energy company had revenue of $41.94 million for the quarter, compared to the consensus estimate of $40.89 million. Ramaco Resources had a return on equity of 11.93% and a net margin of 9.32%. View Ramaco Resources' earnings history.

5 equities research analysts have issued 12 month target prices for Ramaco Resources' shares. Their forecasts range from $4.00 to $9.00. On average, they anticipate Ramaco Resources' share price to reach $6.25 in the next twelve months. This suggests a possible upside of 184.1% from the stock's current price. View analysts' price targets for Ramaco Resources.

Headlines about METC stock have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ramaco Resources earned a news impact score of 0.8 on InfoTrie's scale. They also gave news headlines about the energy company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news about Ramaco Resources.

Ramaco Resources saw a increase in short interest in June. As of June 15th, there was short interest totaling 317,000 shares, an increase of 5.5% from the May 31st total of 300,400 shares. Based on an average daily trading volume, of 96,700 shares, the short-interest ratio is currently 3.3 days. Currently, 3.3% of the company's stock are sold short. View Ramaco Resources' Current Options Chain.

Some companies that are related to Ramaco Resources include Consol Energy (CEIX), CONSOL Coal Resources (CCR), Hallador Energy (HNRG), PARINGA RESOURC/S (PNRL), Foresight Energy (FELP), New Wei (WLTGQ) and Paringa Resources (PNGZF). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ramaco Resources investors own include Ring Energy (REI), Ring Energy (REI), Advanced Micro Devices (AMD), Invesco (IVZ), Allena Pharmaceuticals (ALNA), Chesapeake Energy (CHK), Comcast (CMCSA), Enterprise Products Partners (EPD), Gilead Sciences (GILD) and Genocea Biosciences (GNCA).

(METC) raised $81 million in an initial public offering 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.

Ramaco Resources trades on the NASDAQ under the ticker symbol "METC."

Shares of METC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of METC stock can currently be purchased for approximately $2.20.

Ramaco Resources has a market capitalization of $93.96 million and generates $230.21 million in revenue each year. The energy company earns $24.93 million in net income (profit) each year or $0.61 on an earnings per share basis. Ramaco Resources employs 349 workers across the globe.

The official website for Ramaco Resources is www.ramacoresources.com.

Ramaco Resources' mailing address is 250 WEST MAIN STREET SUITE 210, LEXINGTON KY, 40507. The energy company can be reached via phone at 859-244-7455.