Ramaco Resources Inc (NASDAQ:METC) – Equities research analysts at B. Riley cut their FY2019 earnings per share estimates for shares of Ramaco Resources in a report released on Tuesday, November 12th. B. Riley analyst L. Pipes now anticipates that the energy company will earn $0.66 per share for the year, down from their prior estimate of $0.97. B. Riley has a “Buy” rating and a $9.00 price target on the stock. B. Riley also issued estimates for Ramaco Resources’ Q4 2019 earnings at $0.10 EPS, Q1 2020 earnings at $0.09 EPS, Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.20 EPS, Q4 2020 earnings at $0.20 EPS and FY2020 earnings at $0.78 EPS.
Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Tuesday, August 13th. The energy company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $65.76 million during the quarter, compared to analyst estimates of $62.03 million. Ramaco Resources had a return on equity of 17.12% and a net margin of 11.56%.
Shares of NASDAQ METC opened at $3.16 on Friday. The business has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $4.75. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $141.22 million, a price-to-earnings ratio of 5.10 and a beta of 1.10. Ramaco Resources has a one year low of $3.01 and a one year high of $7.22.
Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in Ramaco Resources by 135.5% during the third quarter. Tower Research Capital LLC TRC now owns 10,060 shares of the energy company’s stock worth $38,000 after acquiring an additional 5,789 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Ramaco Resources during the second quarter worth $60,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ramaco Resources by 24.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 34,809 shares of the energy company’s stock worth $186,000 after purchasing an additional 6,870 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ramaco Resources by 13.7% during the second quarter. Bank of New York Mellon Corp now owns 91,335 shares of the energy company’s stock worth $486,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Ramaco Resources by 2.7% during the third quarter. Foundry Partners LLC now owns 483,022 shares of the energy company’s stock worth $1,804,000 after purchasing an additional 12,556 shares during the last quarter. Hedge funds and other institutional investors own 76.59% of the company’s stock.
In related news, CEO Michael Dale Bauersachs acquired 14,865 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $61,689.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 52,492 shares of company stock valued at $210,943 over the last quarter. Corporate insiders own 80.00% of the company’s stock.
Ramaco Resources Company Profile
Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
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