Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 8,103 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 8,103 shares of Ramaco Resources stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $11.58, for a total transaction of $93,832.74. Following the sale, the director directly owned 825,853 shares of the company’s stock, valued at $9,563,377.74. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ramaco Resources Stock Performance

Ramaco Resources stock opened at $14.28 on Thursday. The company has a 50 day moving average price of $14.85 and a 200-day moving average price of $16.46. 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, Inc. has a fifty-two week low of $9.70 and a fifty-two week high of $57.80. The company has a market capitalization of $930.70 million, a PE ratio of -12.98 and a beta of 1.31.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results 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 net margin of 11.52% and a negative return on equity of 13.44%. The company had revenue of $101.41 million for the quarter, compared to the consensus estimate of $129.72 million. During the same period in the prior year, the firm posted ($0.20) EPS. The business’s revenue was down 9.7% on a year-over-year basis. As a group, equities analysts forecast that Ramaco Resources, Inc. will post -0.23 earnings per share for the current year.

Key Headlines Impacting Ramaco Resources

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, removing a governance overhang and supporting management continuity. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Positive Sentiment: Wall Street’s consensus view remains “Moderate Buy,” indicating analysts still see longer-term upside potential in METC despite recent volatility. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Ramaco said CFO Jeremy Sussman will participate in the StoneX Natural Resources Summit, which may help visibility with investors but does not change fundamentals. Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources Summit
• Negative Sentiment: Director Peter A. Leidel disclosed another large share sale, adding to a string of insider disposals that can signal caution from management. SEC Form 4 filing
• Negative Sentiment: Recent earnings were weak, with Ramaco missing EPS and revenue estimates, reinforcing concerns about profitability and coal demand.

Hedge Funds Weigh In On Ramaco Resources

A number of large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Ramaco Resources by 10.2% during the fourth quarter. State Street Corp now owns 2,489,797 shares of the energy company’s stock worth $44,816,000 after purchasing an additional 230,197 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ramaco Resources by 40.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock valued at $77,507,000 after acquiring an additional 667,199 shares during the period. Renaissance Technologies LLC increased its position in shares of Ramaco Resources by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,526,164 shares of the energy company’s stock valued at $27,471,000 after acquiring an additional 9,860 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $22,179,000 after acquiring an additional 398,626 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Ramaco Resources by 74.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,160,898 shares of the energy company’s stock valued at $20,896,000 after acquiring an additional 496,150 shares during the period. 74.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on METC shares. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $15.00 in a research note on Tuesday, April 21st. Morgan Stanley reduced their price target on 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. B. Riley Financial reduced their price target on 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 Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, Zacks Research raised Ramaco Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. One investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.