Ramaco Resources, Inc. (NASDAQ:METC) Receives Consensus Recommendation of “Hold” from Analysts

Ramaco Resources, Inc. (NASDAQ:METCGet Free Report) has received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.4286.

METC has been the subject of several research reports. Weiss Ratings cut Ramaco Resources from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Ramaco Resources from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Morgan Stanley cut their target price on shares of Ramaco Resources from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th. Zacks Research downgraded shares of Ramaco Resources from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Finally, Robert W. Baird restated a “neutral” rating and issued a $13.00 price target on shares of Ramaco Resources in a research report on Tuesday, August 18th.

Get Our Latest Report on METC

Ramaco Resources Price Performance

Shares of NASDAQ:METC opened at $9.81 on Friday. The business has a 50 day moving average price of $11.50 and a 200 day moving average price of $13.40. Ramaco Resources has a twelve month low of $8.56 and a twelve month high of $57.80. The company has a market cap of $621.86 million, a price-to-earnings ratio of -9.17 and a beta of 1.39. The company has a quick ratio of 3.31, a current ratio of 4.23 and a debt-to-equity ratio of 1.23.

Ramaco Resources (NASDAQ:METCGet Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy company reported ($0.26) EPS for the quarter, hitting the consensus estimate of ($0.26). The company had revenue of $122.32 million for the quarter, compared to the consensus estimate of $133.11 million. Ramaco Resources had a negative return on equity of 13.54% and a negative net margin of 11.98%. Research analysts predict that Ramaco Resources will post -1.02 earnings per share for the current year.

Insider Buying and Selling at Ramaco Resources

In related news, major shareholder Discovery Capital Management, sold 500,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $9.57, for a total value of $4,785,000.00. Following the completion of the sale, the insider owned 4,811,360 shares in the company, valued at approximately $46,044,715.20. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 46.07% of the company’s stock.

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Yale Capital Corp. raised its stake in shares of Ramaco Resources by 331.9% in the fourth quarter. Texas Yale Capital Corp. now owns 142,488 shares of the energy company’s stock valued at $2,565,000 after purchasing an additional 109,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ramaco Resources by 38.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,435,059 shares of the energy company’s stock worth $22,179,000 after buying an additional 398,626 shares in the last quarter. Gratia Capital LLC acquired a new stake in Ramaco Resources during the second quarter worth $1,826,000. Bank of New York Mellon Corp bought a new stake in Ramaco Resources in the 2nd quarter valued at $1,486,000. Finally, Mizuho Markets Americas LLC bought a new stake in Ramaco Resources in the 4th quarter valued at $2,309,000. 74.49% of the stock is currently owned by institutional investors.

Ramaco Resources Company Profile

(Get Free Report)

Ramaco Resources, Inc is a metallurgical coal producer headquartered in Lexington, Kentucky. The company develops, operates and sells metallurgical coal used primarily in the production of steel. Its products include various grades of high-quality metallurgical coal, including high-volatility and low-volatility products, as well as coal suitable for pulverized coal injection applications.

Ramaco operates mining complexes in Central Appalachia, including properties in West Virginia and Virginia.

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Analyst Recommendations for Ramaco Resources (NASDAQ:METC)

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