Media headlines about Ramaco Resources (NASDAQ:METC) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ramaco Resources earned a news sentiment score of 0.00 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 46.252187509249 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
METC traded down $0.11 on Wednesday, reaching $6.63. 234,200 shares of the company traded hands, compared to its average volume of 93,464. Ramaco Resources has a one year low of $3.81 and a one year high of $9.35. The firm has a market capitalization of $269.76 million, a price-to-earnings ratio of -16.17 and a beta of 1.35.
Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Wednesday, May 16th. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.16). Ramaco Resources had a negative net margin of 6.69% and a negative return on equity of 6.01%. The company had revenue of $55.94 million for the quarter. equities analysts predict that Ramaco Resources will post 0.96 EPS for the current year.
A number of brokerages recently weighed in on METC. ValuEngine lowered shares of Ramaco Resources from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded shares of Ramaco Resources from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, May 17th. B. Riley began coverage on shares of Ramaco Resources in a report on Friday, June 1st. They set a “buy” rating and a $10.00 price objective for the company. Credit Suisse Group lifted their price objective on shares of Ramaco Resources from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, March 27th. Finally, BMO Capital Markets set a $9.00 price objective on shares of Ramaco Resources and gave the company a “buy” rating in a report on Monday, March 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.25.
Ramaco Resources Company Profile
Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 18,728 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
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