Wall Street brokerages expect Ramaco Resources (NASDAQ:METC) to post earnings of $0.31 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Ramaco Resources’ earnings. Ramaco Resources reported earnings per share of ($0.03) in the same quarter last year, which indicates a positive year over year growth rate of 1,133.3%. The business is scheduled to announce its next earnings results on Wednesday, May 9th.
On average, analysts expect that Ramaco Resources will report full-year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $0.94 to $1.46. For the next financial year, analysts forecast that the company will post earnings of $1.54 per share, with EPS estimates ranging from $0.42 to $2.47. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ramaco Resources.
Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Wednesday, March 21st. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.13). Ramaco Resources had a negative net margin of 25.26% and a negative return on equity of 12.97%. The business had revenue of $24.02 million during the quarter.
A number of research firms recently weighed in on METC. Zacks Investment Research upgraded shares of Ramaco Resources from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Thursday. Credit Suisse Group lifted their price objective on shares of Ramaco Resources from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, March 27th. BMO Capital Markets set a $9.00 price objective on shares of Ramaco Resources and gave the company a “buy” rating in a research note on Monday, March 26th. Finally, ValuEngine lowered shares of Ramaco Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Ramaco Resources has a consensus rating of “Buy” and an average price target of $10.25.
Ramaco Resources stock traded up $0.38 during mid-day trading on Friday, reaching $6.51. The company’s stock had a trading volume of 29,417 shares, compared to its average volume of 101,638. Ramaco Resources has a 12-month low of $3.81 and a 12-month high of $9.35. The firm has a market capitalization of $254.09, a price-to-earnings ratio of -15.27 and a beta of 0.88.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anchor Bolt Capital LP grew its position in shares of Ramaco Resources by 106.8% during the 4th quarter. Anchor Bolt Capital LP now owns 1,751,907 shares of the energy company’s stock valued at $12,053,000 after purchasing an additional 904,577 shares in the last quarter. Triarii Capital Management LP purchased a new position in shares of Ramaco Resources during the 4th quarter valued at $4,403,000. Alyeska Investment Group L.P. grew its position in shares of Ramaco Resources by 15.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 550,000 shares of the energy company’s stock valued at $3,647,000 after purchasing an additional 75,000 shares in the last quarter. Mangrove Partners purchased a new position in shares of Ramaco Resources during the 4th quarter valued at $2,008,000. Finally, Vanguard Group Inc. grew its position in shares of Ramaco Resources by 91.3% during the 2nd quarter. Vanguard Group Inc. now owns 207,800 shares of the energy company’s stock valued at $1,258,000 after purchasing an additional 99,188 shares in the last quarter. Hedge funds and other institutional investors own 86.72% 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 18,728 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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