Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,081 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 6,081 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $10.34, for a total transaction of $62,877.54. Following the transaction, the director owned 814,793 shares in the company, valued at approximately $8,424,959.62. This trade represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ramaco Resources Trading Down 3.5%

Shares of Ramaco Resources stock opened at $14.28 on Thursday. Ramaco Resources, Inc. has a 52-week low of $9.70 and a 52-week high of $57.80. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The company’s 50-day simple moving average is $14.85 and its 200-day simple moving average is $16.46. The firm has a market cap of $930.70 million, a price-to-earnings ratio of -12.98 and a beta of 1.31.

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

Key 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.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of METC. Goldman Sachs Group Inc. raised its holdings in Ramaco Resources by 27.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 274,545 shares of the energy company’s stock valued at $2,260,000 after acquiring an additional 58,304 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ramaco Resources by 1.8% in the 1st quarter. Empowered Funds LLC now owns 123,110 shares of the energy company’s stock valued at $1,013,000 after purchasing an additional 2,223 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Ramaco Resources by 40.1% in the 2nd quarter. Rhumbline Advisers now owns 49,605 shares of the energy company’s stock valued at $652,000 after purchasing an additional 14,199 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Ramaco Resources by 91.4% in the 2nd quarter. Hsbc Holdings PLC now owns 27,338 shares of the energy company’s stock valued at $358,000 after purchasing an additional 13,053 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Ramaco Resources by 144.8% in the 2nd quarter. New York State Common Retirement Fund now owns 32,039 shares of the energy company’s stock valued at $421,000 after purchasing an additional 18,951 shares during the last quarter. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Company Profile

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.