Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 10,258 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 10,258 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $11.24, for a total transaction of $115,299.92. Following the transaction, the director owned 823,292 shares of the company’s stock, valued at approximately $9,253,802.08. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ramaco Resources Price Performance

NASDAQ:METC opened at $14.28 on Thursday. The stock has a market cap of $930.70 million, a P/E ratio of -12.98 and a beta of 1.31. Ramaco Resources, Inc. has a one year low of $9.70 and a one year high of $57.80. The company has a fifty day moving average price of $14.85 and a 200 day moving average price of $16.46. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, May 11th. The energy company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The company had revenue of $101.41 million for the quarter, compared to analyst estimates of $129.72 million. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. Ramaco Resources’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.20) earnings per share. Analysts anticipate that Ramaco Resources, Inc. will post -0.23 earnings per share for the current year.

More Ramaco Resources News

Here are the key news stories impacting Ramaco Resources this week:

• Positive Sentiment: Shareholders approved the company’s directors and incentive plan at the annual meeting, removing a governance overhang and supporting management continuity. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Positive Sentiment: Wall Street’s consensus view remains “Moderate Buy,” indicating analysts still see longer-term upside potential in METC despite recent volatility. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Ramaco said CFO Jeremy Sussman will participate in the StoneX Natural Resources Summit, which may help visibility with investors but does not change fundamentals. Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources Summit
• Negative Sentiment: Director Peter A. Leidel disclosed another large share sale, adding to a string of insider disposals that can signal caution from management. SEC Form 4 filing
• Negative Sentiment: Recent earnings were weak, with Ramaco missing EPS and revenue estimates, reinforcing concerns about profitability and coal demand.

Institutional Investors Weigh In On Ramaco Resources

Several large investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC grew its holdings in shares of Ramaco Resources by 0.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 122,998 shares of the energy company’s stock worth $4,082,000 after purchasing an additional 536 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Ramaco Resources by 12.6% in the 3rd quarter. AlphaQuest LLC now owns 5,460 shares of the energy company’s stock worth $181,000 after purchasing an additional 610 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Ramaco Resources by 3,603.6% in the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock worth $34,000 after purchasing an additional 1,009 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Ramaco Resources in the 3rd quarter worth about $38,000. Finally, US Bancorp DE grew its holdings in shares of Ramaco Resources by 2.7% in the 3rd quarter. US Bancorp DE now owns 43,901 shares of the energy company’s stock worth $1,457,000 after purchasing an additional 1,171 shares during the last quarter. Institutional investors own 74.49% of the company’s stock.

Wall Street Analyst Weigh In

METC has been the topic of several analyst reports. Robert W. Baird lowered their price target on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $15.00 in a report on Tuesday, April 21st. Morgan Stanley lowered their price target on shares of Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Zacks Research raised shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, B. Riley Financial lowered their price target on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ramaco Resources has an average rating of “Moderate Buy” and an average price target of $27.29.

About Ramaco Resources

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.