Ramaco Resources (METC) Hits New 12-Month Low at $4.74

Shares of Ramaco Resources Inc (NASDAQ:METC) reached a new 52-week low on Thursday . The company traded as low as $4.74 and last traded at $5.16, with a volume of 5424 shares traded. The stock had previously closed at $5.20.

A number of analysts recently weighed in on METC shares. Zacks Investment Research downgraded Ramaco Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. ValuEngine upgraded Ramaco Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. TheStreet upgraded Ramaco Resources from a “d+” rating to a “c-” rating in a research report on Friday, August 31st. Finally, B. Riley boosted their price objective on Ramaco Resources from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, September 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Ramaco Resources presently has an average rating of “Hold” and a consensus price target of $9.75.

The stock has a market cap of $208.43 million, a price-to-earnings ratio of -12.61 and a beta of 0.66.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Wednesday, November 7th. The energy company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.10). Ramaco Resources had a net margin of 9.20% and a return on equity of 15.27%. The company had revenue of $62.17 million during the quarter, compared to the consensus estimate of $68.65 million. On average, equities analysts predict that Ramaco Resources Inc will post 0.73 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in METC. GeoSphere Capital Management LLC bought a new stake in Ramaco Resources in the second quarter valued at approximately $109,000. Travelers Companies Inc. bought a new stake in Ramaco Resources in the third quarter valued at approximately $117,000. AlpInvest Partners B.V. bought a new stake in Ramaco Resources in the third quarter valued at approximately $205,000. Marshall Wace LLP bought a new position in shares of Ramaco Resources during the third quarter valued at approximately $252,000. Finally, Northern Trust Corp raised its holdings in shares of Ramaco Resources by 26.7% during the second quarter. Northern Trust Corp now owns 79,943 shares of the energy company’s stock valued at $557,000 after acquiring an additional 16,822 shares in the last quarter. Hedge funds and other institutional investors own 80.37% of the company’s stock.

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Ramaco Resources Company Profile (NASDAQ:METC)

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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