Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 20,115 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 20,115 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.18, for a total value of $305,345.70. Following the completion of the transaction, the director owned 2,497,567 shares in the company, valued at approximately $37,913,067.06. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ramaco Resources Price Performance

Ramaco Resources stock opened at $14.28 on Thursday. Ramaco Resources, Inc. has a 12 month low of $9.70 and a 12 month high of $57.80. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06. The business’s 50 day simple moving average is $14.85 and its 200 day simple moving average is $16.46. The company has a market cap of $930.70 million, a price-to-earnings ratio of -12.98 and a beta of 1.31.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Monday, May 11th. The energy company reported ($0.30) 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 firm had revenue of $101.41 million during the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter in the previous year, the company posted ($0.20) EPS. Ramaco Resources’s revenue for the quarter was down 9.7% on a year-over-year basis. Sell-side analysts forecast that Ramaco Resources, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in METC. Millennium Management LLC bought a new position in shares of Ramaco Resources in the third quarter worth $23,451,000. Vanguard Group Inc. increased its holdings 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 worth $77,507,000 after purchasing an additional 667,199 shares during the period. Bamco Inc. NY bought a new position in Ramaco Resources in the third quarter valued at $20,679,000. Merewether Investment Management LP bought a new position in Ramaco Resources in the third quarter valued at $18,633,000. Finally, Goldman Sachs Group Inc. increased its stake in 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 last quarter. 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.