Peter Leidel Sells 6,343 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 6,343 shares of Ramaco Resources stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $10.78, for a total transaction of $68,377.54. Following the completion of the transaction, the director directly owned 821,709 shares of the company’s stock, valued at approximately $8,858,023.02. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ramaco Resources Stock Performance

METC stock opened at $14.87 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.93 and a current ratio of 4.88. The stock has a market capitalization of $969.23 million, a price-to-earnings ratio of -13.52 and a beta of 1.31. Ramaco Resources, Inc. has a 1 year low of $9.75 and a 1 year high of $57.80. The stock’s fifty day moving average is $14.84 and its two-hundred day moving average is $16.45.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings data on Monday, May 11th. The energy company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The company had revenue of $101.41 million for the quarter, compared to the consensus estimate of $129.72 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. Ramaco Resources’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, research analysts predict that Ramaco Resources, Inc. will post -0.27 EPS for the current year.

Analysts Set New Price Targets

METC has been the topic of several research reports. 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 Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. B. Riley Financial lowered their target price on Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley lowered their target price on 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. Finally, The Goldman Sachs Group raised Ramaco Resources from a “sell” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $15.00 in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.29.

Key Stories Impacting Ramaco Resources

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

• Negative Sentiment: Ramaco was named in fresh class-action related notices tied to its senior notes offering and secondary public offering, which could raise litigation overhang and uncertainty for shareholders. Ramaco Resources Inc. Senior Notes Offering Investors (NASDAQ: METC) May Be Eligible to Recover Losses.
• Negative Sentiment: Another disclosure showed Director Peter Leidel sold shares, adding to a series of insider disposals that may signal reduced confidence or profit-taking. Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,081 Shares
• Negative Sentiment: Insider-trading coverage also highlighted multiple earlier Leidel sales, reinforcing the impression of persistent selling pressure from management and insiders. Peter A. Leidel insider transactions
• Neutral Sentiment: Shareholders recently backed the company’s directors and incentive plan, which supports governance continuity but is not a major fundamental catalyst on its own. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Neutral Sentiment: Brokerage sentiment remains “Moderate Buy,” suggesting analysts still see long-term value even as near-term sentiment stays mixed. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages

Institutional Investors Weigh In On Ramaco Resources

Several institutional investors have recently made changes to their positions in METC. Millennium Management LLC acquired a new stake in shares of Ramaco Resources during the 3rd quarter valued at about $23,451,000. Vanguard Group Inc. lifted its holdings in shares of Ramaco Resources by 40.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock valued at $77,507,000 after buying an additional 667,199 shares during the last quarter. Bamco Inc. NY acquired a new stake in shares of Ramaco Resources during the 3rd quarter valued at about $20,679,000. Merewether Investment Management LP acquired a new stake in shares of Ramaco Resources during the 3rd quarter valued at about $18,633,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Ramaco Resources by 74.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,160,898 shares of the energy company’s stock valued at $20,896,000 after buying an additional 496,150 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.