FY2027 EPS Estimate for Ramaco Resources Reduced by Analyst

Ramaco Resources, Inc. (NASDAQ:METC) – Equities research analysts at Northland Securities decreased their FY2027 EPS estimates for shares of Ramaco Resources in a research note issued on Wednesday, August 5th. Northland Securities analyst J. Grampp now forecasts that the energy company will post earnings per share of $0.12 for the year, down from their prior forecast of $0.13. The consensus estimate for Ramaco Resources’ current full-year earnings is ($0.58) per share.

Several other equities research analysts also recently commented on the company. The Goldman Sachs Group reduced their target price on Ramaco Resources from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley reduced their price objective on shares of Ramaco Resources from $17.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Robert W. Baird dropped their target price on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Zacks Research lowered shares of Ramaco Resources from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Finally, B. Riley Financial reduced their price target on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Ramaco Resources currently has a consensus rating of “Hold” and an average price target of $26.14.

Ramaco Resources Stock Performance

METC opened at $9.29 on Thursday. 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 firm has a market cap of $605.26 million, a PE ratio of -8.68 and a beta of 1.37. The business has a fifty day simple moving average of $12.95 and a 200-day simple moving average of $14.98. Ramaco Resources has a fifty-two week low of $8.56 and a fifty-two week high of $57.80.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported ($0.26) EPS for the quarter, hitting analysts’ consensus estimates of ($0.26). The company had revenue of $122.32 million for the quarter, compared to the consensus estimate of $133.11 million. Ramaco Resources had a negative net margin of 11.98% and a negative return on equity of 12.80%.

Institutional Trading of Ramaco Resources

Several institutional investors have recently made changes to their positions in the stock. Allworth Financial LP grew its position in Ramaco Resources by 3,603.6% during the third quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock valued at $34,000 after purchasing an additional 1,009 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Ramaco Resources during the 3rd quarter valued at $38,000. Quarry LP acquired a new stake in shares of Ramaco Resources during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Ramaco Resources by 14,250.0% during 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 in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Ramaco Resources by 400.0% in the third quarter. Sunbelt Securities Inc. now owns 2,500 shares of the energy company’s stock worth $83,000 after acquiring an additional 2,000 shares during the last quarter. 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.