B. Riley Decreases Earnings Estimates for Ramaco Resources

Ramaco Resources, Inc. (NASDAQ:METC) – Equities researchers at B. Riley decreased their FY2025 earnings per share estimates for Ramaco Resources in a report released on Wednesday, March 12th. B. Riley analyst N. Giles now anticipates that the energy company will earn $1.11 per share for the year, down from their prior forecast of $1.18. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.05 per share.

Several other research analysts have also recently commented on the company. Jefferies Financial Group reduced their target price on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Benchmark reaffirmed a “buy” rating on shares of Ramaco Resources in a research report on Wednesday.

Ramaco Resources Stock Down 0.6 %

Shares of METC stock opened at $9.56 on Friday. The stock has a market cap of $502.18 million, a P/E ratio of 14.71 and a beta of 1.17. Ramaco Resources has a one year low of $8.17 and a one year high of $17.23. The stock has a fifty day moving average price of $9.59 and a 200 day moving average price of $10.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $170.90 million during the quarter, compared to the consensus estimate of $166.59 million. Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share.

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.1375 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.55 annualized dividend and a yield of 5.75%. Ramaco Resources’s dividend payout ratio is currently 500.00%.

Institutional Trading of Ramaco Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in METC. Pingora Partners LLC increased its stake in shares of Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after buying an additional 2,840 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Ramaco Resources in the third quarter valued at $45,000. AlphaQuest LLC acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at $50,000. Campbell Capital Management Inc. acquired a new stake in shares of Ramaco Resources in the fourth quarter valued at $51,000. Finally, Jones Financial Companies Lllp bought a new position in Ramaco Resources in the fourth quarter valued at about $56,000. 74.49% of the stock is currently owned by institutional investors and hedge funds.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.