Ramaco Resources Inc (NASDAQ:METC) – Equities researchers at B. Riley decreased their Q2 2019 earnings per share (EPS) estimates for shares of Ramaco Resources in a note issued to investors on Thursday, May 9th. B. Riley analyst L. Pipes now anticipates that the energy company will earn $0.34 per share for the quarter, down from their previous estimate of $0.39. B. Riley also issued estimates for Ramaco Resources’ Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.37 EPS and FY2020 earnings at $1.45 EPS.
Several other equities research analysts have also weighed in on METC. Zacks Investment Research upgraded Ramaco Resources from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Wednesday, February 13th. Clarkson Capital reiterated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Ramaco Resources presently has a consensus rating of “Hold” and an average price target of $8.75.
Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Tuesday, May 7th. The energy company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Ramaco Resources had a net margin of 11.65% and a return on equity of 19.16%. The company had revenue of $57.46 million during the quarter, compared to the consensus estimate of $71.12 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC bought a new stake in Ramaco Resources during the 1st quarter worth approximately $46,000. Mraz Amerine & Associates Inc. bought a new stake in Ramaco Resources during the 4th quarter worth approximately $55,000. AlpInvest Partners B.V. bought a new stake in Ramaco Resources during the 1st quarter worth approximately $175,000. Dimensional Fund Advisors LP bought a new stake in Ramaco Resources during the 4th quarter worth approximately $160,000. Finally, Marshall Wace LLP bought a new stake in Ramaco Resources during the 3rd quarter worth approximately $252,000. Institutional investors and hedge funds own 78.29% 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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