Ramaco Resources Inc (NASDAQ:METC) – Stock analysts at Jefferies Financial Group dropped their FY2019 earnings per share estimates for shares of Ramaco Resources in a research note issued on Thursday, November 7th. Jefferies Financial Group analyst C. Lafemina now forecasts that the energy company will earn $0.96 per share for the year, down from their previous estimate of $1.11. Jefferies Financial Group has a “Hold” rating and a $5.00 price target on the stock. Jefferies Financial Group also issued estimates for Ramaco Resources’ FY2021 earnings at $1.22 EPS.
Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Tuesday, August 13th. The energy company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Ramaco Resources had a net margin of 11.56% and a return on equity of 17.60%. The company had revenue of $65.76 million during the quarter, compared to the consensus estimate of $62.03 million.
METC opened at $3.70 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.60 and a debt-to-equity ratio of 0.06. Ramaco Resources has a 52-week low of $3.01 and a 52-week high of $7.22. The company has a 50 day moving average of $3.66 and a two-hundred day moving average of $4.81. The company has a market cap of $160.88 million, a P/E ratio of 5.97 and a beta of 1.10.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in Ramaco Resources by 135.5% in the third quarter. Tower Research Capital LLC TRC now owns 10,060 shares of the energy company’s stock valued at $38,000 after acquiring an additional 5,789 shares in the last quarter. Foundry Partners LLC raised its holdings in Ramaco Resources by 2.7% in the third quarter. Foundry Partners LLC now owns 483,022 shares of the energy company’s stock valued at $1,804,000 after acquiring an additional 12,556 shares in the last quarter. Anchor Bolt Capital LP raised its holdings in Ramaco Resources by 6.1% in the second quarter. Anchor Bolt Capital LP now owns 479,213 shares of the energy company’s stock valued at $2,549,000 after acquiring an additional 27,650 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ramaco Resources by 19.9% in the second quarter. Vanguard Group Inc. now owns 469,548 shares of the energy company’s stock valued at $2,498,000 after acquiring an additional 77,931 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Ramaco Resources by 40.5% in the second quarter. BlackRock Inc. now owns 419,879 shares of the energy company’s stock valued at $2,234,000 after acquiring an additional 121,007 shares in the last quarter. 76.60% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Patrick C. Graney III bought 46,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $3.57 per share, for a total transaction of $164,220.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Randall Whittaker Atkins bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $3.87 per share, with a total value of $38,700.00. The disclosure for this purchase can be found here. Insiders bought 108,492 shares of company stock valued at $413,863 over the last 90 days. Insiders own 80.00% of the company’s stock.
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 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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