Ramaco Resources (NASDAQ:METC) issued its quarterly earnings data on Wednesday. The energy company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.10), Fidelity Earnings reports. The company had revenue of $62.17 million for the quarter, compared to analyst estimates of $68.65 million. Ramaco Resources had a return on equity of 5.55% and a net margin of 4.15%.
Shares of METC traded up $0.04 during mid-day trading on Friday, hitting $6.10. 17,993 shares of the company’s stock were exchanged, compared to its average volume of 59,047. Ramaco Resources has a 52 week low of $3.81 and a 52 week high of $9.35. The stock has a market capitalization of $295.41 million, a PE ratio of -14.88 and a beta of 0.89.
Several brokerages have issued reports on METC. TheStreet upgraded shares of Ramaco Resources from a “d+” rating to a “c-” rating in a research report on Friday, August 31st. ValuEngine upgraded shares of Ramaco Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. B. Riley raised their price objective on shares of Ramaco Resources from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Friday, September 14th. Finally, Zacks Investment Research downgraded shares of Ramaco Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $9.63.
About Ramaco Resources
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 18,728 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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