Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 200,000 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 200,000 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $13.48, for a total transaction of $2,696,000.00. Following the transaction, the director directly owned 2,230,926 shares of the company’s stock, valued at approximately $30,072,882.48. This represents a 8.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ramaco Resources Stock Down 3.5%

Ramaco Resources stock opened at $14.28 on Thursday. The firm has a market cap of $930.70 million, a price-to-earnings ratio of -12.98 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. 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 fifty day moving average price of $14.85 and a two-hundred day moving average price of $16.46.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on METC shares. Robert W. Baird cut their price objective 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. Zacks Research raised shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $15.00 in a research report on Tuesday, April 21st. Morgan Stanley cut their price objective 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, B. Riley Financial cut their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Key Stories 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, 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 Trading of Ramaco Resources

Several hedge funds have recently modified their holdings of METC. Goldman Sachs Group Inc. increased its holdings in shares of Ramaco Resources by 27.0% during the first quarter. Goldman Sachs Group Inc. now owns 274,545 shares of the energy company’s stock worth $2,260,000 after buying an additional 58,304 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Ramaco Resources by 1.8% during the first quarter. Empowered Funds LLC now owns 123,110 shares of the energy company’s stock worth $1,013,000 after buying an additional 2,223 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Ramaco Resources by 40.1% during the second quarter. Rhumbline Advisers now owns 49,605 shares of the energy company’s stock worth $652,000 after buying an additional 14,199 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Ramaco Resources by 91.4% during the second quarter. Hsbc Holdings PLC now owns 27,338 shares of the energy company’s stock worth $358,000 after buying an additional 13,053 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Ramaco Resources by 144.8% during the second quarter. New York State Common Retirement Fund now owns 32,039 shares of the energy company’s stock worth $421,000 after buying an additional 18,951 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

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.