B. Riley Issues Pessimistic Forecast for Ramaco Resources (NASDAQ:METC) Stock Price

Ramaco Resources (NASDAQ:METC - Get Free Report) had its price target reduced by B. Riley from $18.00 to $14.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. B. Riley's price objective points to a potential upside of 49.57% from the stock's current price.

A number of other equities research analysts also recently commented on METC. Jefferies Financial Group dropped their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Benchmark reiterated a "buy" rating on shares of Ramaco Resources in a research note on Wednesday, March 12th.

Ramaco Resources Price Performance

NASDAQ METC traded up $0.46 during trading hours on Friday, hitting $9.36. 882,140 shares of the company's stock traded hands, compared to its average volume of 592,135. The company has a market capitalization of $505.44 million, a PE ratio of 14.40 and a beta of 1.14. The firm's 50-day moving average is $8.97 and its 200-day moving average is $10.26. Ramaco Resources has a 52-week low of $6.30 and a 52-week high of $16.92. 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 (NASDAQ:METC - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The firm had revenue of $170.90 million for the quarter, compared to analysts' expectations of $166.59 million. During the same period in the previous year, the firm posted $0.24 EPS. The firm's quarterly revenue was down 15.7% compared to the same quarter last year. Equities analysts forecast that Ramaco Resources will post 0.05 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Yorktown Xi Associates Llc sold 89,501 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $8.09, for a total transaction of $724,063.09. Following the sale, the insider now owns 1,024,870 shares of the company's stock, valued at $8,291,198.30. The trade was a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 83,871 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $8.61, for a total value of $722,129.31. Following the completion of the sale, the insider now owns 1,059,909 shares in the company, valued at approximately $9,125,816.49. This represents a 7.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 922,582 shares of company stock valued at $7,898,023 over the last quarter. Corporate insiders own 41.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new stake in Ramaco Resources in the 4th quarter valued at about $540,000. Barclays PLC raised its stake in Ramaco Resources by 369.7% in the 3rd quarter. Barclays PLC now owns 44,409 shares of the energy company's stock valued at $519,000 after purchasing an additional 34,954 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ramaco Resources by 97.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,520 shares of the energy company's stock worth $802,000 after purchasing an additional 33,788 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ramaco Resources by 231.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company's stock worth $3,070,000 after buying an additional 183,163 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Ramaco Resources by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company's stock valued at $390,000 after buying an additional 3,754 shares during the last quarter. Hedge funds and other institutional investors own 74.49% of the company's stock.

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.