Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 400,000 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 400,000 shares of Ramaco Resources stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.41, for a total value of $5,764,000.00. Following the completion of the sale, the director directly owned 2,284,254 shares of the company’s stock, valued at approximately $32,916,100.14. This trade represents a 14.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ramaco Resources Trading Down 3.5%

Shares of METC opened at $14.28 on Thursday. The business has a 50-day moving average of $14.85 and a 200 day moving average of $16.46. Ramaco Resources, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $57.80. The firm has a market cap of $930.70 million, a P/E ratio of -12.98 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.93 and a current ratio of 4.88.

Ramaco Resources (NASDAQ:METC) last announced 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). Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The firm had revenue of $101.41 million during the quarter, compared to analysts’ expectations of $129.72 million. During the same period last year, the business posted ($0.20) EPS. The company’s revenue was down 9.7% compared to the same quarter last year. As a group, research analysts forecast that Ramaco Resources, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

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

Ramaco Resources News Summary

Here are the key news stories impacting Ramaco Resources this week:

• Positive Sentiment: Shareholders approved the company’s directors and incentive plan at the annual meeting, which removes a governance overhang and supports management’s current strategy. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Positive Sentiment: Brokerage coverage remains constructive, with Ramaco Resources still carrying a consensus “Moderate Buy” rating, suggesting analysts see longer-term upside despite near-term volatility. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: The company said CFO Jeremy Sussman will participate in the StoneX Fourth Annual Natural Resources Summit, which could help investor outreach but is not a material business update. Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources Summit
• Negative Sentiment: Multiple disclosures showed Director Peter A. Leidel selling large blocks of METC shares over several dates, including several sizable transactions in March, which can signal insider caution and weigh on sentiment. SEC Form 4 filing
• Negative Sentiment: Recent earnings remain a concern: Ramaco missed EPS expectations and revenue came in below forecasts, reinforcing worries about profitability and coal-market demand.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Ramaco Resources in the 4th quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Ramaco Resources by 14,250.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,722 shares of the energy company’s stock worth $31,000 after purchasing an additional 1,710 shares during the period. Allworth Financial LP boosted its stake in Ramaco Resources by 3,603.6% in the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock worth $34,000 after purchasing an additional 1,009 shares during the period. Spirit of America Management Corp NY bought a new position in Ramaco Resources in the 4th quarter worth about $38,000. Finally, Advisory Services Network LLC bought a new position in Ramaco Resources in the 3rd quarter worth about $38,000. Institutional investors own 74.49% of the company’s stock.

Ramaco Resources Company Profile

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.