Ramaco Resources Inc (METC) Expected to Announce Earnings of $0.22 Per Share

Wall Street brokerages forecast that Ramaco Resources Inc (NASDAQ:METC) will post earnings per share of $0.22 for the current quarter, according to Zacks. Zero analysts have made estimates for Ramaco Resources’ earnings. The company is scheduled to announce its next quarterly earnings results on Tuesday, March 27th.

On average, analysts expect that Ramaco Resources will report full-year earnings of $0.01 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.00 to $1.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ramaco Resources.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings results on Wednesday, November 8th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.21). The company had revenue of $14.41 million for the quarter. Ramaco Resources had a negative return on equity of 16.08% and a negative net margin of 35.22%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Ramaco Resources from a “strong sell” rating to a “strong-buy” rating and set a $8.50 target price on the stock in a research report on Wednesday. ValuEngine cut Ramaco Resources from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. Finally, BMO Capital Markets dropped their target price on Ramaco Resources from $11.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $12.92.

In related news, Director Bruce E. Cryder purchased 5,868 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $4.27 per share, with a total value of $25,056.36. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Dale Bauersachs purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $3.96 per share, for a total transaction of $99,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 45,868 shares of company stock worth $187,956 over the last ninety days.

Institutional investors have recently modified their holdings of the stock. Williams Jones & Associates LLC lifted its stake in Ramaco Resources by 22.8% in the 2nd quarter. Williams Jones & Associates LLC now owns 18,050 shares of the energy company’s stock valued at $109,000 after buying an additional 3,350 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Ramaco Resources by 132.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 25,221 shares of the energy company’s stock worth $153,000 after purchasing an additional 14,371 shares in the last quarter. Northern Trust Corp lifted its stake in Ramaco Resources by 55.7% in the 2nd quarter. Northern Trust Corp now owns 32,804 shares of the energy company’s stock worth $198,000 after purchasing an additional 11,731 shares in the last quarter. State Street Corp lifted its stake in Ramaco Resources by 89.0% in the 2nd quarter. State Street Corp now owns 61,626 shares of the energy company’s stock worth $373,000 after purchasing an additional 29,026 shares in the last quarter. Finally, GLG Partners LP lifted its stake in Ramaco Resources by 73.2% in the 2nd quarter. GLG Partners LP now owns 87,327 shares of the energy company’s stock worth $528,000 after purchasing an additional 36,899 shares in the last quarter. 89.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ramaco Resources (METC) opened at $7.26 on Friday. Ramaco Resources has a 12-month low of $3.81 and a 12-month high of $14.78.

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Ramaco Resources Company Profile

Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.

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Earnings History and Estimates for Ramaco Resources (NASDAQ:METC)

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