Peter Leidel Sells 6,081 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 6,081 shares of Ramaco Resources stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $10.34, for a total transaction of $62,877.54. Following the transaction, the director directly owned 814,793 shares in the company, valued at $8,424,959.62. This trade represents a 0.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ramaco Resources Price Performance

Shares of METC stock opened at $14.87 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. The firm’s 50-day moving average is $14.84 and its two-hundred day moving average is $16.45. Ramaco Resources, Inc. has a 12 month low of $9.75 and a 12 month high of $57.80. The company has a market capitalization of $969.23 million, a PE ratio of -13.52 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on METC shares. Morgan Stanley reduced 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 note on Thursday, April 9th. Robert W. Baird reduced 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 note on Wednesday, May 13th. Zacks Research raised shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $15.00 in a research note on Tuesday, April 21st. Finally, B. Riley Financial reduced their price target on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Institutional Investors Weigh In On Ramaco Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lunt Capital Management Inc. raised its stake in shares of Ramaco Resources by 801.3% in the 4th quarter. Lunt Capital Management Inc. now owns 557,899 shares of the energy company’s stock valued at $10,042,000 after acquiring an additional 495,999 shares during the period. Vanguard Group Inc. raised its stake in shares of Ramaco Resources by 40.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock valued at $77,507,000 after acquiring an additional 667,199 shares during the period. Ghisallo Capital Management LLC purchased a new stake in shares of Ramaco Resources in the 3rd quarter valued at approximately $9,957,000. Cinctive Capital Management LP purchased a new stake in shares of Ramaco Resources in the 3rd quarter valued at approximately $2,707,000. Finally, Bamco Inc. NY purchased a new stake in shares of Ramaco Resources in the 3rd quarter valued at approximately $20,679,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Ramaco Resources

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

About Ramaco Resources

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.