B. Riley Decreases Earnings Estimates for Ramaco Resources

Ramaco Resources, Inc. (NASDAQ:METC - Free Report) - Equities research analysts at B. Riley lowered their FY2025 EPS estimates for Ramaco Resources in a report released on Wednesday, March 12th. B. Riley analyst N. Giles now anticipates that the energy company will earn $1.11 per share for the year, down from their previous forecast of $1.18. The consensus estimate for Ramaco Resources' current full-year earnings is $0.05 per share.

Ramaco Resources (NASDAQ:METC - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $170.90 million during the quarter, compared to analyst estimates of $166.59 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources's revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share.

Several other research firms also recently weighed in on METC. Benchmark reissued a "buy" rating on shares of Ramaco Resources in a report on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a report on Monday, January 6th.

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Ramaco Resources Stock Performance

Shares of METC stock traded up $0.42 during trading hours on Friday, hitting $9.67. The stock had a trading volume of 657,330 shares, compared to its average volume of 563,382. The firm has a market capitalization of $507.96 million, a PE ratio of 14.88 and a beta of 1.17. Ramaco Resources has a twelve month low of $8.17 and a twelve month high of $17.23. The stock's 50 day moving average is $9.59 and its 200 day moving average is $10.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86.

Ramaco Resources Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.0688 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.84%. Ramaco Resources's dividend payout ratio is presently 500.00%.

Institutional Investors Weigh In On Ramaco Resources

Several hedge funds have recently modified their holdings of METC. Victory Capital Management Inc. lifted its holdings in shares of Ramaco Resources by 18.1% during the third quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company's stock worth $1,497,000 after purchasing an additional 19,575 shares during the period. Empowered Funds LLC lifted its holdings in Ramaco Resources by 5.3% in the third quarter. Empowered Funds LLC now owns 115,017 shares of the energy company's stock valued at $1,346,000 after acquiring an additional 5,762 shares during the period. Segall Bryant & Hamill LLC increased its position in shares of Ramaco Resources by 1.5% in the third quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company's stock valued at $3,635,000 after buying an additional 4,460 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ramaco Resources by 231.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company's stock valued at $3,070,000 after buying an additional 183,163 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Ramaco Resources by 190.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company's stock valued at $1,053,000 after buying an additional 58,980 shares in the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.