Peter Leidel Sells 8,103 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 8,103 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $11.58, for a total transaction of $93,832.74. Following the completion of the sale, the director directly owned 825,853 shares of the company’s stock, valued at $9,563,377.74. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ramaco Resources Trading Down 3.5%

Shares of METC traded down $0.52 during mid-day trading on Wednesday, reaching $14.28. The stock had a trading volume of 3,425,695 shares, compared to its average volume of 1,505,696. 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 firm has a market cap of $930.77 million, a price-to-earnings ratio of -12.98 and a beta of 1.31. The business’s fifty day moving average is $14.85 and its 200 day moving average is $16.46. 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 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). The company 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%.The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period last year, the business earned ($0.20) EPS. On average, sell-side analysts predict that Ramaco Resources, Inc. will post -0.23 EPS for the current fiscal year.

Ramaco Resources News Roundup

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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in METC. Millennium Management LLC purchased a new position in shares of Ramaco Resources in the third quarter valued at approximately $23,451,000. Vanguard Group Inc. boosted its stake in shares of Ramaco Resources by 40.0% in the third quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock valued at $77,507,000 after purchasing an additional 667,199 shares during the period. Bamco Inc. NY purchased a new position in shares of Ramaco Resources in the third quarter valued at approximately $20,679,000. Merewether Investment Management LP purchased a new position in shares of Ramaco Resources in the third quarter valued at approximately $18,633,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Ramaco Resources by 74.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,160,898 shares of the energy company’s stock valued at $20,896,000 after purchasing an additional 496,150 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.