Q4 Earnings Forecast for Ramaco Resources Issued By B. Riley

Ramaco Resources, Inc. (NASDAQ:METC - Free Report) - Equities research analysts at B. Riley lowered their Q4 2024 earnings per share estimates for Ramaco Resources in a research note issued to investors on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the energy company will earn ($0.11) per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Ramaco Resources' current full-year earnings is $0.05 per share. B. Riley also issued estimates for Ramaco Resources' FY2025 earnings at $1.18 EPS.

Ramaco Resources (NASDAQ:METC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The business had revenue of $167.40 million during the quarter, compared to analysts' expectations of $156.41 million. During the same period in the prior year, the company posted $0.45 earnings per share. The firm's revenue was down 10.5% on a year-over-year basis.

Separately, Jefferies Financial Group decreased their target price on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, January 6th.

Ramaco Resources Stock Down 2.6 %

Shares of NASDAQ METC traded down $0.26 during mid-day trading on Monday, reaching $9.70. The company had a trading volume of 576,543 shares, compared to its average volume of 468,539. The stock has a fifty day moving average of $10.56 and a two-hundred day moving average of $11.21. Ramaco Resources has a 12-month low of $8.87 and a 12-month high of $20.70. The company has a market capitalization of $509.54 million, a price-to-earnings ratio of 14.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Pingora Partners LLC lifted its stake in shares of Ramaco Resources by 330.2% in the 3rd quarter. Pingora Partners LLC now owns 3,700 shares of the energy company's stock valued at $43,000 after purchasing an additional 2,840 shares during the last quarter. Point72 DIFC Ltd bought a new position in Ramaco Resources during the third quarter valued at about $45,000. Jones Financial Companies Lllp bought a new stake in shares of Ramaco Resources during the 4th quarter worth about $56,000. Prairiewood Capital LLC acquired a new position in shares of Ramaco Resources during the 4th quarter valued at about $103,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Ramaco Resources in the 2nd quarter valued at approximately $139,000. Institutional investors and hedge funds own 74.49% of the company's stock.

Ramaco Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend is Friday, February 28th. Ramaco Resources's dividend payout ratio (DPR) is presently 84.62%.

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.