Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,343 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 6,343 shares of Ramaco Resources stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $10.78, for a total transaction of $68,377.54. Following the transaction, the director owned 821,709 shares of the company’s stock, valued at $8,858,023.02. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ramaco Resources Stock Down 3.5%

Shares of METC stock traded down $0.52 during trading hours on Wednesday, hitting $14.28. 3,425,695 shares of the company’s stock traded hands, compared to its average volume of 1,505,696. The stock’s fifty day simple moving average is $14.85 and its two-hundred day simple moving average is $16.46. Ramaco Resources, Inc. has a 12-month low of $9.70 and a 12-month high of $57.80. The stock has a market cap of $930.77 million, a price-to-earnings ratio of -12.98 and a beta of 1.31. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, May 11th. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The business had revenue of $101.41 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. Ramaco Resources’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, analysts expect that Ramaco Resources, Inc. will post -0.23 EPS for the current year.

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 Investors Weigh In On Ramaco Resources

A number of large investors have recently added to or reduced their stakes in the stock. BankChampaign National Association bought a new stake in Ramaco Resources in the 1st quarter worth approximately $187,000. Royal Bank of Canada grew its position in Ramaco Resources by 16.4% in the 1st quarter. Royal Bank of Canada now owns 81,583 shares of the energy company’s stock worth $1,262,000 after purchasing an additional 11,474 shares during the period. Cetera Investment Advisers grew its position in Ramaco Resources by 12.2% in the 1st quarter. Cetera Investment Advisers now owns 26,850 shares of the energy company’s stock worth $415,000 after purchasing an additional 2,930 shares during the period. Dimensional Fund Advisors LP grew its position in Ramaco Resources by 38.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,435,059 shares of the energy company’s stock worth $22,179,000 after purchasing an additional 398,626 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Ramaco Resources by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 108,724 shares of the energy company’s stock worth $1,681,000 after purchasing an additional 8,114 shares during the period. Institutional investors own 74.49% of the company’s stock.

Wall Street Analyst Weigh In

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

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.