Ramaco Resources (NASDAQ:METC) Hits New 1-Year High at $16.75

Ramaco Resources, Inc. (NASDAQ:METC)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $16.75 and last traded at $16.05, with a volume of 11621 shares. The stock had previously closed at $15.99.

Several equities research analysts recently commented on METC shares. B. Riley boosted their target price on Ramaco Resources from $9.50 to $11.00 and gave the stock a “buy” rating in a report on Thursday, September 2nd. They noted that the move was a valuation call. Zacks Investment Research raised Ramaco Resources from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, September 7th. Finally, TheStreet raised Ramaco Resources from a “c” rating to a “b-” rating in a report on Monday, August 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $8.00.

The company has a market cap of $685.03 million, a P/E ratio of 144.27 and a beta of 0.87. The company has a fifty day simple moving average of $10.92 and a 200-day simple moving average of $7.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.03.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results on Sunday, August 1st. The energy company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.16. The company had revenue of $76.06 million for the quarter, compared to analysts’ expectations of $52.54 million. Ramaco Resources had a return on equity of 2.60% and a net margin of 2.17%. On average, analysts anticipate that Ramaco Resources, Inc. will post 1.19 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP purchased a new position in Ramaco Resources during the 2nd quarter worth approximately $172,000. Morgan Stanley grew its position in Ramaco Resources by 9.2% during the 2nd quarter. Morgan Stanley now owns 52,688 shares of the energy company’s stock worth $288,000 after purchasing an additional 4,441 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of Ramaco Resources during the 2nd quarter valued at $70,000. Renaissance Technologies LLC grew its holdings in shares of Ramaco Resources by 7.6% during the 2nd quarter. Renaissance Technologies LLC now owns 70,100 shares of the energy company’s stock valued at $383,000 after acquiring an additional 4,934 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ramaco Resources by 24.8% during the 2nd quarter. Geode Capital Management LLC now owns 71,900 shares of the energy company’s stock valued at $395,000 after acquiring an additional 14,296 shares in the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.

Ramaco Resources Company Profile (NASDAQ:METC)

Ramaco Resources, Inc engages in the operation and development of coal mining properties. The firm deals with metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its portfolio consists of Elk Creek, Berwind, RAM Mine, and Knox Creek. The company was founded by Randall W.

Featured Article: Understanding the different types of bonds

Receive News & Ratings for Ramaco Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramaco Resources and related companies with MarketBeat.com's FREE daily email newsletter.