NASDAQ:METCRamaco Resources Stock Price, Forecast & News

Ramaco Resources' stock was trading at $2.32 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, METC shares have decreased by 3.4% and is now trading at $2.24. 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) posted its quarterly earnings data on Tuesday, May, 12th. The energy company reported $0.05 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.01. The energy company earned $41.94 million during the quarter, compared to the consensus estimate of $40.89 million. Ramaco Resources had a net margin of 9.32% and a return on equity of 11.93%. View Ramaco Resources' earnings history.

5 equities research analysts have issued twelve-month target prices for Ramaco Resources' shares. Their forecasts range from $4.00 to $9.00. On average, they expect Ramaco Resources' share price to reach $6.25 in the next year. This suggests a possible upside of 179.0% from the stock's current price. View analysts' price targets for Ramaco Resources.

News articles about METC stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ramaco Resources earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned press coverage about the energy company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Ramaco Resources.

Ramaco Resources saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 466,500 shares, an increase of 47.2% from the June 15th total of 317,000 shares. Based on an average daily trading volume, of 103,400 shares, the days-to-cover ratio is presently 4.5 days. Currently, 4.8% of the company's stock are short sold. 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 (IPO) on Friday, February 3rd 2017. The company issued 6,000,000 shares at a price of $12.00-$15.00 per share. Credit Suisse, Jefferies and BMO Capital Markets served 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 $2.24.

Ramaco Resources has a market capitalization of $95.68 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.