Ramaco Resources, Inc. (NASDAQ:METC – Free Report) – Research analysts at Northland Securities cut their FY2027 earnings estimates for Ramaco Resources in a research report issued to clients and investors on Wednesday, August 5th. Northland Securities analyst J. Grampp now anticipates that the energy company will post earnings of $0.12 per share for the year, down from their prior estimate of $0.13. The consensus estimate for Ramaco Resources’ current full-year earnings is ($0.58) per share.
Ramaco Resources (NASDAQ:METC – Get Free Report) last released its earnings results on Wednesday, August 5th. The energy company reported ($0.26) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.26). Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 12.80%. The company had revenue of $122.32 million for the quarter, compared to analyst estimates of $133.11 million.
View Our Latest Stock Report on METC
Ramaco Resources Stock Performance
NASDAQ:METC opened at $9.29 on Thursday. Ramaco Resources has a 52 week low of $8.56 and a 52 week high of $57.80. The company has a fifty day simple moving average of $12.95 and a two-hundred day simple moving average of $14.98. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The company has a market cap of $605.26 million, a price-to-earnings ratio of -8.68 and a beta of 1.37.
Hedge Funds Weigh In On Ramaco Resources
A number of institutional investors and hedge funds have recently modified their holdings of METC. Lunt Capital Management Inc. lifted its holdings in shares of Ramaco Resources by 801.3% in the 4th quarter. Lunt Capital Management Inc. now owns 557,899 shares of the energy company’s stock valued at $10,042,000 after purchasing an additional 495,999 shares during the last quarter. Texas Yale Capital Corp. lifted its stake in shares of Ramaco Resources by 331.9% in the 4th quarter. Texas Yale Capital Corp. now owns 142,488 shares of the energy company’s stock worth $2,565,000 after acquiring an additional 109,500 shares during the period. Tudor Investment Corp ET AL acquired a new position in Ramaco Resources during the third quarter worth $2,019,000. Mizuho Markets Americas LLC acquired a new stake in shares of Ramaco Resources in the 4th quarter worth approximately $2,309,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Ramaco Resources by 542.6% in the fourth quarter. SG Americas Securities LLC now owns 25,903 shares of the energy company’s stock valued at $466,000 after purchasing an additional 21,872 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.
About Ramaco Resources
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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