Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 200,000 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 200,000 shares of Ramaco Resources stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $13.53, for a total value of $2,706,000.00. Following the sale, the director directly owned 324,584 shares of the company’s stock, valued at $4,391,621.52. This trade represents a 38.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ramaco Resources Stock Down 3.5%

Shares of NASDAQ METC opened at $14.28 on Thursday. The company has a market capitalization of $930.70 million, a price-to-earnings ratio of -12.98 and a beta of 1.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The business has a 50-day moving average of $14.85 and a two-hundred day moving average of $16.46. Ramaco Resources, Inc. has a 1 year low of $9.70 and a 1 year high of $57.80.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, May 11th. The energy company reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $101.41 million during the quarter, compared to analysts’ expectations of $129.72 million. During the same period in the previous year, the firm posted ($0.20) earnings per share. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, analysts forecast that Ramaco Resources, Inc. will post -0.23 earnings per share for the current fiscal 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, which removes a governance overhang and supports management’s current strategy. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Positive Sentiment: Brokerage coverage remains constructive, with Ramaco Resources still carrying a consensus “Moderate Buy” rating, suggesting analysts see longer-term upside despite near-term volatility. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: The company said CFO Jeremy Sussman will participate in the StoneX Fourth Annual Natural Resources Summit, which could help investor outreach but is not a material business update. Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources Summit
• Negative Sentiment: Multiple disclosures showed Director Peter A. Leidel selling large blocks of METC shares over several dates, including several sizable transactions in March, which can signal insider caution and weigh on sentiment. SEC Form 4 filing
• Negative Sentiment: Recent earnings remain a concern: Ramaco missed EPS expectations and revenue came in below forecasts, reinforcing worries about profitability and coal-market demand.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. B. Riley Financial reduced their target price on Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. The Goldman Sachs Group raised Ramaco Resources from a “sell” rating to a “neutral” rating and boosted their target price for the company from $14.00 to $15.00 in a report on Tuesday, April 21st. Morgan Stanley reduced their target price on Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Robert W. Baird reduced their target price on Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Zacks Research raised Ramaco Resources from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. One investment 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.29.

Institutional Trading of Ramaco Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lunt Capital Management Inc. raised its stake in Ramaco Resources by 801.3% during the 4th quarter. Lunt Capital Management Inc. now owns 557,899 shares of the energy company’s stock valued at $10,042,000 after acquiring an additional 495,999 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 acquiring an additional 667,199 shares during the last quarter. Ghisallo Capital Management LLC purchased a new stake in Ramaco Resources during the 3rd quarter valued at approximately $9,957,000. Cinctive Capital Management LP purchased a new stake in Ramaco Resources during the 3rd quarter valued at approximately $2,707,000. Finally, Bamco Inc. NY purchased a new stake in Ramaco Resources during the 3rd quarter valued at approximately $20,679,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

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.