B. Riley Equities Analysts Boost Earnings Estimates for METC

Ramaco Resources, Inc. (NASDAQ:METC) – Research analysts at B. Riley boosted their Q4 2024 EPS estimates for Ramaco Resources in a report released on Wednesday, November 6th. B. Riley analyst L. Pipes now expects that the energy company will earn $0.04 per share for the quarter, up from their prior forecast of $0.01. B. Riley has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.88 per share. B. Riley also issued estimates for Ramaco Resources’ Q1 2025 earnings at $0.14 EPS and Q2 2025 earnings at $0.36 EPS.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.12% and a net margin of 5.35%. The company had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year.

Separately, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Ramaco Resources in a research report on Thursday, August 29th.

Ramaco Resources Price Performance

Ramaco Resources stock opened at $12.22 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23. Ramaco Resources has a 12-month low of $9.03 and a 12-month high of $22.70. The firm has a market capitalization of $534.38 million, a PE ratio of 18.80 and a beta of 1.08. The firm has a 50-day moving average price of $10.74 and a 200-day moving average price of $12.59.

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of Ramaco Resources by 14.9% during the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after buying an additional 90,014 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ramaco Resources by 21.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock worth $17,186,000 after purchasing an additional 245,924 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ramaco Resources by 8.9% during the first quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock valued at $26,795,000 after purchasing an additional 130,593 shares in the last quarter. Lunt Capital Management Inc. increased its holdings in Ramaco Resources by 619.0% during the third quarter. Lunt Capital Management Inc. now owns 71,900 shares of the energy company’s stock valued at $841,000 after buying an additional 61,900 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Ramaco Resources by 442.0% in the second quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock worth $1,349,000 after buying an additional 88,392 shares in the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.138 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.55 annualized dividend and a yield of 4.52%. Ramaco Resources’s dividend payout ratio (DPR) is 84.62%.

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.