Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 179,885 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 179,885 shares of Ramaco Resources stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $15.31, for a total value of $2,754,039.35. Following the completion of the sale, the director directly owned 1,969,646 shares in the company, valued at $30,155,280.26. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ramaco Resources Stock Performance

METC traded down $0.52 during trading on Wednesday, reaching $14.28. The company’s stock had a trading volume of 3,425,695 shares, compared to its average volume of 1,505,696. The company’s fifty day moving average price is $14.85 and its 200-day moving average price is $16.46. The company has a market capitalization of $930.77 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 quick ratio of 3.93 and a current ratio of 4.88. Ramaco Resources, Inc. has a 52-week low of $9.70 and a 52-week high of $57.80.

Ramaco Resources (NASDAQ:METC) last announced its quarterly 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 firm had revenue of $101.41 million for the quarter, compared to analysts’ expectations of $129.72 million. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.Ramaco Resources’s revenue was down 9.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) EPS. On average, equities analysts forecast that Ramaco Resources, Inc. will post -0.23 earnings per share for the current fiscal year.

Key Stories Impacting Ramaco Resources

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.

Analyst Upgrades and Downgrades

METC has been the topic of several research analyst reports. B. Riley Financial decreased their price target 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. Zacks Research raised Ramaco Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Robert W. Baird reduced 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. The Goldman Sachs Group raised Ramaco Resources from a “sell” rating to a “neutral” rating and upped their target price for the company from $14.00 to $15.00 in a research note on Tuesday, April 21st. Finally, Morgan Stanley reduced 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ramaco Resources has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of METC. Quarry LP acquired a new position in Ramaco Resources in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its holdings in Ramaco Resources by 14,250.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,722 shares of the energy company’s stock valued at $31,000 after acquiring an additional 1,710 shares during the last quarter. Allworth Financial LP raised its holdings in Ramaco Resources by 3,603.6% in the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock valued at $34,000 after acquiring an additional 1,009 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in Ramaco Resources in the 4th quarter valued at $38,000. Finally, Advisory Services Network LLC acquired a new position in Ramaco Resources in the 3rd quarter valued at $38,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

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.