Insider Selling: Ramaco Resources (NASDAQ:METC) Director Sells 20,115 Shares of Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 20,115 shares of Ramaco Resources stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $15.18, for a total value of $305,345.70. Following the completion of the sale, the director owned 2,497,567 shares of the company’s stock, valued at $37,913,067.06. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ramaco Resources Stock Down 3.5%

Shares of METC stock traded down $0.52 on Wednesday, hitting $14.28. The stock had a trading volume of 3,425,695 shares, compared to its average volume of 1,505,696. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $14.85 and a 200 day moving average price of $16.46. The company has a market cap of $930.77 million, a PE ratio of -12.98 and a beta of 1.31. Ramaco Resources, Inc. has a one year low of $9.70 and a one year high of $57.80.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Monday, May 11th. The energy company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The company had revenue of $101.41 million during the quarter, compared to analysts’ expectations of $129.72 million. During the same quarter last year, the firm earned ($0.20) EPS. Ramaco Resources’s revenue for the quarter was down 9.7% on a year-over-year basis. Research analysts anticipate that Ramaco Resources, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ramaco Resources

A number of large investors have recently modified their holdings of the business. BankChampaign National Association purchased a new stake in shares of Ramaco Resources during the first quarter worth about $187,000. Royal Bank of Canada grew its stake in shares of Ramaco Resources by 16.4% during the first quarter. Royal Bank of Canada now owns 81,583 shares of the energy company’s stock worth $1,262,000 after acquiring an additional 11,474 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Ramaco Resources by 12.2% during the first quarter. Cetera Investment Advisers now owns 26,850 shares of the energy company’s stock worth $415,000 after acquiring an additional 2,930 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ramaco Resources by 38.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,435,059 shares of the energy company’s stock worth $22,179,000 after acquiring an additional 398,626 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Ramaco Resources by 8.1% during the first quarter. Bank of New York Mellon Corp now owns 108,724 shares of the energy company’s stock worth $1,681,000 after acquiring an additional 8,114 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

Trending Headlines about Ramaco Resources

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

• Positive Sentiment: Shareholders approved the company’s directors and incentive plan at the annual meeting, which removes a governance overhang and supports management’s current strategy. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Positive Sentiment: Brokerage coverage remains constructive, with Ramaco Resources still carrying a consensus “Moderate Buy” rating, suggesting analysts see longer-term upside despite near-term volatility. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: The company said CFO Jeremy Sussman will participate in the StoneX Fourth Annual Natural Resources Summit, which could help investor outreach but is not a material business update. Ramaco Resources to Participate in StoneX Fourth Annual Natural Resources Summit
• Negative Sentiment: Multiple disclosures showed Director Peter A. Leidel selling large blocks of METC shares over several dates, including several sizable transactions in March, which can signal insider caution and weigh on sentiment. SEC Form 4 filing
• Negative Sentiment: Recent earnings remain a concern: Ramaco missed EPS expectations and revenue came in below forecasts, reinforcing worries about profitability and coal-market demand.

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.