Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Hold” by Analysts

Ramaco Resources, Inc. (NASDAQ:METC) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $34.50.

Several analysts have commented on the stock. Benchmark lifted their price objective on shares of Ramaco Resources from $24.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Northland Capmk raised shares of Ramaco Resources to a “strong-buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group cut shares of Ramaco Resources from a “buy” rating to a “hold” rating and lowered their price target for the stock from $45.00 to $33.00 in a report on Tuesday, October 28th. Robert W. Baird set a $43.00 price objective on Ramaco Resources in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ramaco Resources in a report on Monday.

Ramaco Resources Stock Down 1.2%

Shares of NASDAQ:METC opened at $14.86 on Wednesday. Ramaco Resources has a 1 year low of $6.30 and a 1 year high of $57.80. The company has a market capitalization of $980.76 million, a PE ratio of -22.18 and a beta of 1.41. The business has a fifty day moving average price of $26.90 and a two-hundred day moving average price of $23.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, October 27th. The energy company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The company had revenue of $104.87 million for the quarter, compared to analysts’ expectations of $137.63 million. Ramaco Resources had a negative return on equity of 8.26% and a negative net margin of 5.67%.The business’s revenue for the quarter was down 27.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS. Analysts forecast that Ramaco Resources will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Ramaco Resources

Large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Ramaco Resources in the 1st quarter valued at about $25,000. Archer Investment Corp bought a new position in Ramaco Resources during the third quarter worth about $33,000. Allworth Financial LP increased its stake in shares of Ramaco Resources by 3,603.6% in the third quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock worth $34,000 after purchasing an additional 1,009 shares in the last quarter. MCF Advisors LLC bought a new stake in shares of Ramaco Resources in the third quarter valued at approximately $35,000. Finally, Advisory Services Network LLC bought a new stake in shares of Ramaco Resources in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 74.49% of the company’s stock.

About Ramaco Resources

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.