Peter Leidel Sells 10,258 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METCGet Free Report) Director Peter Leidel sold 10,258 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $11.24, for a total value of $115,299.92. Following the completion of the sale, the director directly owned 823,292 shares of the company’s stock, valued at $9,253,802.08. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ramaco Resources Price Performance

METC stock opened at $14.87 on Friday. The company has a market capitalization of $969.23 million, a P/E ratio of -13.52 and a beta of 1.31. Ramaco Resources, Inc. has a twelve month low of $9.75 and a twelve month high of $57.80. The business has a 50 day simple moving average of $14.84 and a 200-day simple moving average of $16.45. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06.

Ramaco Resources (NASDAQ:METCGet Free Report) last posted its quarterly earnings data on Monday, May 11th. The energy company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The firm had revenue of $101.41 million during the quarter, compared to analyst estimates of $129.72 million. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. Ramaco Resources’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) earnings per share. As a group, equities analysts anticipate that Ramaco Resources, Inc. will post -0.27 EPS for the current year.

Institutional Investors Weigh In On Ramaco Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of METC. Goldman Sachs Group Inc. lifted its holdings in Ramaco Resources by 27.0% in the first quarter. Goldman Sachs Group Inc. now owns 274,545 shares of the energy company’s stock valued at $2,260,000 after acquiring an additional 58,304 shares during the period. Empowered Funds LLC lifted its holdings in Ramaco Resources by 1.8% in the first quarter. Empowered Funds LLC now owns 123,110 shares of the energy company’s stock valued at $1,013,000 after acquiring an additional 2,223 shares during the period. Rhumbline Advisers lifted its holdings in Ramaco Resources by 40.1% in the second quarter. Rhumbline Advisers now owns 49,605 shares of the energy company’s stock valued at $652,000 after acquiring an additional 14,199 shares during the period. Hsbc Holdings PLC lifted its holdings in Ramaco Resources by 91.4% in the second quarter. Hsbc Holdings PLC now owns 27,338 shares of the energy company’s stock valued at $358,000 after acquiring an additional 13,053 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Ramaco Resources by 144.8% in the second quarter. New York State Common Retirement Fund now owns 32,039 shares of the energy company’s stock valued at $421,000 after acquiring an additional 18,951 shares during the period. Institutional investors and hedge funds own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on METC. B. Riley Financial decreased their price target on Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Morgan Stanley decreased their price target on Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group raised Ramaco Resources from a “sell” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $15.00 in a report on Tuesday, April 21st. Robert W. Baird decreased their price target on Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Zacks Research raised Ramaco Resources from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.29.

View Our Latest Research Report on Ramaco Resources

Key Stories Impacting Ramaco Resources

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Ramaco Resources Company Profile

(Get Free Report)

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.

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Insider Buying and Selling by Quarter for Ramaco Resources (NASDAQ:METC)

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