Ramaco Resources (METC) Sets New 12-Month Low at $4.74

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Ramaco Resources Inc (NASDAQ:METC) reached a new 52-week low on Thursday . The stock traded as low as $4.74 and last traded at $5.16, with a volume of 5424 shares trading hands. The stock had previously closed at $5.20.

Several equities research analysts have recently weighed in on METC shares. Zacks Investment Research cut Ramaco Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. ValuEngine raised Ramaco Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. TheStreet raised Ramaco Resources from a “d+” rating to a “c-” rating in a research report on Friday, August 31st. Finally, B. Riley increased their price objective on Ramaco Resources from $10.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, September 14th. One research 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. The company presently has an average rating of “Hold” and an average price target of $9.75.

The stock has a market cap of $204.02 million, a price-to-earnings ratio of -12.61 and a beta of 0.66.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Wednesday, November 7th. The energy company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.10). Ramaco Resources had a net margin of 9.20% and a return on equity of 15.27%. The business had revenue of $62.17 million during the quarter, compared to the consensus estimate of $68.65 million. Analysts anticipate that Ramaco Resources Inc will post 0.65 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Ramaco Resources in the third quarter valued at $252,000. Vanguard Group Inc. raised its stake in shares of Ramaco Resources by 4.8% in the third quarter. Vanguard Group Inc. now owns 305,121 shares of the energy company’s stock valued at $2,276,000 after purchasing an additional 13,874 shares in the last quarter. AlpInvest Partners B.V. acquired a new position in shares of Ramaco Resources in the third quarter valued at $205,000. JPMorgan Chase & Co. raised its stake in shares of Ramaco Resources by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 348,353 shares of the energy company’s stock valued at $2,599,000 after purchasing an additional 75,938 shares in the last quarter. Finally, Travelers Companies Inc. acquired a new position in shares of Ramaco Resources in the third quarter valued at $117,000. Institutional investors and hedge funds own 80.37% of the company’s stock.

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Ramaco Resources Company Profile (NASDAQ:METC)

Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 18,728 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.

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