Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 200,000 Shares

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 200,000 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $14.22, for a total value of $2,844,000.00. Following the sale, the director directly owned 2,444,239 shares in the company, valued at $34,757,078.58. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ramaco Resources Trading Down 3.5%

Ramaco Resources stock opened at $14.28 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.88 and a quick ratio of 3.93. Ramaco Resources, Inc. has a one year low of $9.70 and a one year high of $57.80. The stock has a market capitalization of $930.70 million, a PE ratio of -12.98 and a beta of 1.31. The business’s fifty day moving average is $14.85 and its 200 day moving average is $16.46.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data on Monday, May 11th. The energy company reported ($0.30) 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 business had revenue of $101.41 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same period last year, the business earned ($0.20) earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts predict that Ramaco Resources, Inc. will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

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

Key Stories Impacting 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its position in Ramaco Resources by 10.2% in the fourth quarter. State Street Corp now owns 2,489,797 shares of the energy company’s stock worth $44,816,000 after purchasing an additional 230,197 shares during the last quarter. Vanguard Group Inc. boosted its position in Ramaco Resources by 40.0% in the third quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock worth $77,507,000 after purchasing an additional 667,199 shares during the last quarter. Renaissance Technologies LLC boosted its position in Ramaco Resources by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,526,164 shares of the energy company’s stock worth $27,471,000 after purchasing an additional 9,860 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ramaco Resources by 38.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,435,059 shares of the energy company’s stock worth $22,179,000 after purchasing an additional 398,626 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Ramaco Resources by 74.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,160,898 shares of the energy company’s stock worth $20,896,000 after purchasing an additional 496,150 shares during the last quarter. 74.49% of the stock is owned by hedge funds and other institutional investors.

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.