NASDAQ:METCRamaco Resources Stock Price, Forecast & News

Ramaco Resources' stock was trading at $2.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, METC shares have increased by 17.2% and is now trading at $2.72. 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) issued its quarterly earnings data on Tuesday, May, 12th. The energy company reported $0.05 earnings per share (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 analyst estimates 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 brokerages have issued twelve-month price objectives for Ramaco Resources' stock. 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 129.8% from the stock's current price. View analysts' price targets for Ramaco Resources.

News stories about METC stock have trended negative on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -2.6 on InfoTrie's scale. They also gave media stories about the energy company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutRamaco Resources.

Ramaco Resources saw a drop in short interest in May. As of May 15th, there was short interest totaling 255,700 shares, a drop of 22.4% from the April 30th total of 329,600 shares. Based on an average daily volume of 77,200 shares, the short-interest ratio is currently 3.3 days. Approximately 3.1% of the company's shares 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 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."

Ramaco Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (0.85%), Russell Investments Group Ltd. (0.64%), State Street Corp (0.32%), Parametric Portfolio Associates LLC (0.13%), Bank of New York Mellon Corp (0.09%) and Wells Fargo & Company MN (0.07%). Company insiders that own Ramaco Resources stock include Bruce E Cryder, Jeremy R Sussman, Michael Dale Bauersachs, Patrick C Graney III and Randall Whittaker Atkins. View institutional ownership trends for Ramaco Resources.

METC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, and Zebra Capital Management LLC. View insider buying and selling activity for Ramaco Resources.

METC stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Parametric Portfolio Associates LLC, Foundry Partners LLC, State Street Corp, Doliver Advisors LP, Bank of New York Mellon Corp, and Wells Fargo & Company MN. Company insiders that have bought Ramaco Resources stock in the last two years include Bruce E Cryder, Jeremy R Sussman, Michael Dale Bauersachs, Patrick C Graney III, and Randall Whittaker Atkins. View insider buying and selling activity for Ramaco Resources.

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 $2.72.

Ramaco Resources has a market capitalization of $116.18 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.