Ramaco Resources (NASDAQ:METCB) Announces Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) released its quarterly earnings results on Tuesday. The company reported ($0.26) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative return on equity of 13.44% and a negative net margin of 11.52%.

Ramaco Resources Stock Down 6.7%

NASDAQ:METCB opened at $6.43 on Wednesday. The firm has a market capitalization of $419.11 million, a price-to-earnings ratio of -5.85 and a beta of 1.19. Ramaco Resources has a twelve month low of $6.20 and a twelve month high of $22.11. The stock’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $10.57. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06.

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Ramaco Resources by 12.7% in the second quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock valued at $1,813,000 after acquiring an additional 24,924 shares during the last quarter. XTX Topco Ltd lifted its stake in Ramaco Resources by 49.2% in the 2nd quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock valued at $167,000 after purchasing an additional 6,727 shares during the last quarter. Jane Street Group LLC acquired a new stake in Ramaco Resources in the 2nd quarter valued at about $187,000. Yorktown Energy Partners X L.P. grew its holdings in Ramaco Resources by 20.6% during the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock worth $6,597,000 after purchasing an additional 137,742 shares during the period. Finally, Yorktown Energy Partners IX L.P. grew its holdings in Ramaco Resources by 18.5% during the second quarter. Yorktown Energy Partners IX L.P. now owns 1,204,053 shares of the company’s stock worth $9,849,000 after purchasing an additional 188,278 shares during the period. 9.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Ramaco Resources in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Ramaco Resources Company Profile

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.