Ramaco Resources (NASDAQ:METC) Director Sells $115,299.92 in Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 10,258 shares of Ramaco Resources stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $11.24, for a total transaction of $115,299.92. Following the sale, the director directly owned 823,292 shares of the company’s stock, valued at $9,253,802.08. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ramaco Resources Price Performance

Shares of NASDAQ METC traded down $0.52 during mid-day trading on Wednesday, reaching $14.28. 3,425,695 shares of the company were exchanged, compared to its average volume of 1,505,696. Ramaco Resources, Inc. has a 52 week low of $9.70 and a 52 week high of $57.80. 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 stock has a market capitalization of $930.77 million, a PE ratio of -12.98 and a beta of 1.31. The company’s 50 day moving average price is $14.85 and its 200 day moving average price is $16.46.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Monday, May 11th. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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) earnings per share. The business’s revenue was down 9.7% on a year-over-year basis. Sell-side analysts forecast that Ramaco Resources, Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ramaco Resources

A number of hedge funds have recently modified their holdings of METC. Millennium Management LLC purchased a new position in shares of Ramaco Resources in the third quarter valued at about $23,451,000. Vanguard Group Inc. increased its position in shares of Ramaco Resources by 40.0% in the third 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. Bamco Inc. NY purchased a new position in shares of Ramaco Resources in the third quarter valued at about $20,679,000. Merewether Investment Management LP purchased a new position in shares of Ramaco Resources in the third quarter valued at about $18,633,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Ramaco Resources by 74.6% in the fourth 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. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on METC. B. Riley Financial dropped their price objective on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $15.00 in a research note on Tuesday, April 21st. Zacks Research raised shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Robert W. Baird lowered 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 note on Wednesday, May 13th. Finally, Morgan Stanley lowered 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 note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.29.

More Ramaco Resources News

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.

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.