B. Riley Brokers Cut Earnings Estimates for Ramaco Resources, Inc. (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC - Free Report) - Equities research analysts at B. Riley decreased their FY2025 earnings estimates for shares of Ramaco Resources in a research note issued on Wednesday, October 9th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $1.37 for the year, down from their prior forecast of $1.61. B. Riley has a "Buy" rating and a $18.00 price objective on the stock. The consensus estimate for Ramaco Resources' current full-year earnings is $0.88 per share.

Separately, Benchmark reissued a "buy" rating and set a $20.00 price objective on shares of Ramaco Resources in a research report on Thursday, August 29th.

Ramaco Resources Trading Up 0.1 %

Shares of METC traded up $0.01 during mid-day trading on Friday, hitting $11.22. 194,172 shares of the company's stock traded hands, compared to its average volume of 708,532. The company has a quick ratio of 0.90, a current ratio of 1.33 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $490.65 million, a P/E ratio of 10.39 and a beta of 1.05. The business's 50-day moving average price is $11.32 and its 200-day moving average price is $13.31. Ramaco Resources has a 1 year low of $9.03 and a 1 year high of $22.70.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.23. The company had revenue of $155.32 million for the quarter, compared to the consensus estimate of $141.66 million. Ramaco Resources had a return on equity of 16.30% and a net margin of 7.95%.

Hedge Funds Weigh In On Ramaco Resources

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of Ramaco Resources during the 2nd quarter valued at about $28,000. SG Americas Securities LLC increased its stake in shares of Ramaco Resources by 12.9% in the first quarter. SG Americas Securities LLC now owns 21,545 shares of the energy company's stock worth $363,000 after purchasing an additional 2,460 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Ramaco Resources during the 1st quarter valued at $93,000. Global Trust Asset Management LLC lifted its stake in shares of Ramaco Resources by 2,071.7% during the 1st quarter. Global Trust Asset Management LLC now owns 7,058 shares of the energy company's stock valued at $119,000 after buying an additional 6,733 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Ramaco Resources by 18.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 45,889 shares of the energy company's stock worth $537,000 after buying an additional 7,068 shares during the period. Institutional investors own 74.49% of the company's stock.

Ramaco Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources's dividend payout ratio (DPR) is 50.93%.

About Ramaco Resources

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.