Peter Leidel Sells 8,103 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 8,103 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $11.58, for a total transaction of $93,832.74. Following the completion of the transaction, the director directly owned 825,853 shares in the company, valued at approximately $9,563,377.74. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ramaco Resources Stock Up 4.1%

Ramaco Resources stock opened at $14.87 on Friday. The stock has a market cap of $969.23 million, a P/E ratio of -13.52 and a beta of 1.31. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. Ramaco Resources, Inc. has a twelve month low of $9.75 and a twelve month high of $57.80. The company’s 50-day moving average price is $14.84 and its two-hundred day moving average price is $16.45.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings results on Monday, May 11th. The energy company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The company had revenue of $101.41 million during the quarter, compared to the consensus estimate of $129.72 million. Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The firm’s revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) earnings per share. As a group, analysts expect that Ramaco Resources, Inc. will post -0.27 EPS for the current year.

Ramaco Resources News Summary

Here are the key news stories impacting Ramaco Resources this week:

• Negative Sentiment: Ramaco was named in fresh class-action related notices tied to its senior notes offering and secondary public offering, which could raise litigation overhang and uncertainty for shareholders. Ramaco Resources Inc. Senior Notes Offering Investors (NASDAQ: METC) May Be Eligible to Recover Losses.
• Negative Sentiment: Another disclosure showed Director Peter Leidel sold shares, adding to a series of insider disposals that may signal reduced confidence or profit-taking. Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,081 Shares
• Negative Sentiment: Insider-trading coverage also highlighted multiple earlier Leidel sales, reinforcing the impression of persistent selling pressure from management and insiders. Peter A. Leidel insider transactions
• Neutral Sentiment: Shareholders recently backed the company’s directors and incentive plan, which supports governance continuity but is not a major fundamental catalyst on its own. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Neutral Sentiment: Brokerage sentiment remains “Moderate Buy,” suggesting analysts still see long-term value even as near-term sentiment stays mixed. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on METC shares. B. Riley Financial decreased their target price on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. The Goldman Sachs Group upgraded shares of Ramaco Resources from a “sell” rating to a “neutral” rating and increased their target price for the stock from $14.00 to $15.00 in a research report on Tuesday, April 21st. Morgan Stanley decreased their target price on shares of Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 9th. Finally, Robert W. Baird decreased their target price on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ramaco Resources has a consensus rating of “Moderate Buy” and an average price target of $27.29.

Institutional Trading of Ramaco Resources

Several large investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC boosted its position in shares of Ramaco Resources by 0.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 122,998 shares of the energy company’s stock worth $4,082,000 after acquiring an additional 536 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Ramaco Resources by 12.6% during the 3rd quarter. AlphaQuest LLC now owns 5,460 shares of the energy company’s stock worth $181,000 after acquiring an additional 610 shares in the last quarter. Allworth Financial LP boosted its position in shares of Ramaco Resources by 3,603.6% during the 3rd quarter. Allworth Financial LP now owns 1,037 shares of the energy company’s stock worth $34,000 after acquiring an additional 1,009 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Ramaco Resources during the 3rd quarter worth approximately $38,000. Finally, US Bancorp DE boosted its position in shares of Ramaco Resources by 2.7% during the 3rd quarter. US Bancorp DE now owns 43,901 shares of the energy company’s stock worth $1,457,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.