Ramaco Resources (NASDAQ:METCB) Issues Earnings Results

Ramaco Resources (NASDAQ:METCB) issued its earnings results on Wednesday. The company reported ($0.26) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative return on equity of 7.52% and a negative net margin of 5.67%.The company had revenue of $128.01 million for the quarter.

Ramaco Resources Trading Up 2.4%

Shares of NASDAQ METCB opened at $13.17 on Thursday. The company has a 50-day moving average of $12.61 and a two-hundred day moving average of $14.21. Ramaco Resources has a 1-year low of $6.01 and a 1-year high of $22.11. The company has a current ratio of 2.97, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The company has a market cap of $869.15 million, a PE ratio of -19.13 and a beta of 0.96.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ramaco Resources in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Ramaco Resources

Several institutional investors have recently added to or reduced their stakes in METCB. American Century Companies Inc. boosted its stake in Ramaco Resources by 12.7% in the 2nd quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after purchasing an additional 24,924 shares during the period. XTX Topco Ltd lifted its holdings in shares of Ramaco Resources by 49.2% in the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after purchasing an additional 6,727 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Ramaco Resources during the second quarter worth about $187,000. Yorktown Energy Partners X L.P. grew its holdings in shares of Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after buying an additional 137,742 shares in the last quarter. Finally, Yorktown Energy Partners IX L.P. grew its stake in shares of Ramaco Resources by 18.5% during the 2nd quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after acquiring an additional 188,278 shares in the last quarter. 9.63% of the stock is owned by institutional investors.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.