Ramaco Resources, Inc. (NASDAQ:METC – Free Report) – Equities researchers at B. Riley lowered their FY2026 EPS estimates for Ramaco Resources in a report issued on Thursday, January 30th. B. Riley analyst N. Giles now expects that the energy company will post earnings of $2.22 per share for the year, down from their prior estimate of $2.41. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.05 per share.
Separately, Jefferies Financial Group decreased their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.
Ramaco Resources Trading Down 2.2 %
NASDAQ METC opened at $9.64 on Friday. The stock’s 50 day moving average is $10.79 and its 200 day moving average is $11.39. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $506.39 million, a PE ratio of 14.83 and a beta of 1.18. Ramaco Resources has a twelve month low of $8.87 and a twelve month high of $20.70.
Ramaco Resources (NASDAQ:METC – Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share.
Ramaco Resources Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources’s dividend payout ratio is presently 84.62%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of METC. Wellington Management Group LLP bought a new position in Ramaco Resources in the 3rd quarter valued at approximately $22,127,000. Dimensional Fund Advisors LP lifted its holdings in shares of Ramaco Resources by 21.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock valued at $17,186,000 after purchasing an additional 245,924 shares in the last quarter. Millennium Management LLC boosted its position in shares of Ramaco Resources by 22.4% during the second quarter. Millennium Management LLC now owns 435,007 shares of the energy company’s stock valued at $5,416,000 after buying an additional 79,687 shares during the last quarter. FMR LLC increased its holdings in Ramaco Resources by 5.3% in the 3rd quarter. FMR LLC now owns 371,885 shares of the energy company’s stock worth $4,351,000 after buying an additional 18,582 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Ramaco Resources by 1.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock worth $3,635,000 after buying an additional 4,460 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.
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.
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