Ramaco Resources (METC) Receiving Somewhat Favorable News Coverage, Study Finds

News headlines about Ramaco Resources (NASDAQ:METC) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ramaco Resources earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.7740400717282 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Ramaco Resources stock traded down $0.37 during trading hours on Thursday, hitting $7.00. 23,917 shares of the stock traded hands, compared to its average volume of 103,780. The stock has a market cap of $288.16, a price-to-earnings ratio of -17.07 and a beta of 0.88. Ramaco Resources has a one year low of $3.81 and a one year high of $9.64.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Wednesday, March 21st. The energy company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.13). The firm had revenue of $24.02 million for the quarter. Ramaco Resources had a negative net margin of 25.26% and a negative return on equity of 12.97%. equities analysts forecast that Ramaco Resources will post 1.14 EPS for the current year.

Several analysts recently issued reports on METC shares. Zacks Investment Research cut Ramaco Resources from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. ValuEngine cut Ramaco Resources from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Credit Suisse Group raised their target price on Ramaco Resources from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 27th. Finally, BMO Capital Markets set a $9.00 target price on Ramaco Resources and gave the stock a “buy” rating in a research note on Monday, March 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Ramaco Resources has an average rating of “Hold” and a consensus price target of $10.63.

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About Ramaco Resources

Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.

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