Ramaco Resources Inc to Post FY2021 Earnings of $1.23 Per Share, Jefferies Financial Group Forecasts (NASDAQ:METC)

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Ramaco Resources Inc (NASDAQ:METC) – Investment analysts at Jefferies Financial Group reduced their FY2021 earnings estimates for shares of Ramaco Resources in a research report issued to clients and investors on Thursday, August 15th. Jefferies Financial Group analyst C. Lafemina now forecasts that the energy company will post earnings of $1.23 per share for the year, down from their previous forecast of $1.26. Jefferies Financial Group has a “Hold” rating and a $5.00 price objective on the stock.

A number of other research firms have also commented on METC. Zacks Investment Research lowered Ramaco Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine lowered Ramaco Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 18th. Credit Suisse Group cut their price objective on Ramaco Resources from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Finally, TheStreet lowered Ramaco Resources from a “c” rating to a “d” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.25.

Shares of METC stock opened at $3.77 on Monday. The business’s 50-day moving average price is $4.64 and its 200-day moving average price is $5.55. Ramaco Resources has a 12 month low of $3.01 and a 12 month high of $8.94. The firm has a market capitalization of $158.45 million, a price-to-earnings ratio of 6.08 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Tuesday, August 13th. The energy company reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Ramaco Resources had a return on equity of 18.45% and a net margin of 11.81%. The firm had revenue of $65.76 million for the quarter, compared to analyst estimates of $62.03 million.

In other Ramaco Resources news, Director Patrick C. Graney III purchased 46,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $3.57 per share, with a total value of $164,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Randall Whittaker Atkins purchased 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $3.87 per share, for a total transaction of $38,700.00. The disclosure for this purchase can be found here. 80.14% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Ramaco Resources by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 68,665 shares of the energy company’s stock valued at $339,000 after buying an additional 1,849 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ramaco Resources by 24.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,809 shares of the energy company’s stock valued at $186,000 after buying an additional 6,870 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new position in Ramaco Resources in the first quarter valued at approximately $46,000. Bank of New York Mellon Corp lifted its stake in Ramaco Resources by 13.7% in the second quarter. Bank of New York Mellon Corp now owns 91,335 shares of the energy company’s stock valued at $486,000 after buying an additional 11,000 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Ramaco Resources in the second quarter valued at approximately $60,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Ramaco Resources Company Profile

Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.

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Earnings History and Estimates for Ramaco Resources (NASDAQ:METC)

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