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

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 6,343 shares of the firm’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $10.78, for a total value of $68,377.54. Following the completion of the transaction, the director owned 821,709 shares in the company, valued at $8,858,023.02. The trade was a 0.77% 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 Down 3.5%

NASDAQ METC 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 business’s fifty 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 PE ratio of -12.98 and a beta of 1.31.

Ramaco Resources (NASDAQ:METC) last posted 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). Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.The company had revenue of $101.41 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The firm’s revenue was down 9.7% on a year-over-year basis. As a group, equities analysts anticipate that Ramaco Resources, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Ramaco Resources

Several institutional investors and hedge funds have recently bought and sold shares of METC. Millennium Management LLC purchased a new stake in Ramaco Resources in the 3rd quarter valued at about $23,451,000. Vanguard Group Inc. raised its holdings in Ramaco Resources by 40.0% in 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 period. Bamco Inc. NY purchased a new stake in Ramaco Resources in the 3rd quarter valued at about $20,679,000. Merewether Investment Management LP purchased a new stake in Ramaco Resources in the 3rd quarter valued at about $18,633,000. Finally, Goldman Sachs Group Inc. raised its holdings in Ramaco Resources by 74.6% in 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 period. 74.49% of the stock is currently owned by hedge funds and other institutional investors.

More 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.

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.