Ramaco Resources, Inc. (NASDAQ:METC – Get Free Report) Director Peter Leidel sold 20,115 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $15.18, for a total transaction of $305,345.70. Following the completion of the transaction, the director owned 2,497,567 shares in the company, valued at $37,913,067.06. This trade represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Ramaco Resources Price Performance
Shares of NASDAQ:METC opened at $14.87 on Friday. The firm’s 50 day moving average price is $14.84 and its 200-day moving average price is $16.45. Ramaco Resources, Inc. has a twelve month low of $9.75 and a twelve month 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 stock has a market capitalization of $969.23 million, a PE ratio of -13.52 and a beta of 1.31.
Ramaco Resources (NASDAQ:METC – Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.44% and a negative net margin of 11.52%.The business had revenue of $101.41 million during the quarter, compared to the consensus estimate of $129.72 million. During the same quarter last year, the company earned ($0.20) EPS. Ramaco Resources’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities research analysts expect that Ramaco Resources, Inc. will post -0.27 EPS for the current year.
Institutional Investors Weigh In On Ramaco Resources
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on METC shares. Morgan Stanley lowered their price objective 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. B. Riley Financial lowered their price objective on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Robert W. Baird lowered their price objective on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group upgraded shares of Ramaco Resources from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $14.00 to $15.00 in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.29.
View Our Latest Report on Ramaco Resources
Key Headlines 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
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.
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