Q4 EPS Estimates for Ramaco Resources Lifted by B. Riley

Ramaco Resources, Inc. (NASDAQ:METC) – B. Riley boosted their Q4 2024 earnings per share estimates for Ramaco Resources in a note issued to investors on Wednesday, November 6th. B. Riley analyst L. Pipes now expects that the energy company will earn $0.04 per share for the quarter, up from their previous estimate of $0.01. B. Riley currently has a “Buy” rating and a $18.00 target price on the stock. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.86 per share. B. Riley also issued estimates for Ramaco Resources’ Q1 2025 earnings at $0.14 EPS and Q2 2025 earnings at $0.36 EPS.

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

Ramaco Resources Trading Down 2.9 %

METC stock opened at $11.87 on Friday. Ramaco Resources has a 52 week low of $9.03 and a 52 week high of $22.70. The company has a market capitalization of $519.06 million, a PE ratio of 18.26 and a beta of 1.08. The company’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $12.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.33.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings data on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.12%. The firm had revenue of $167.40 million during the quarter, compared to analyst estimates of $156.41 million. During the same period in the prior year, the company earned $0.45 earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year.

Ramaco Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources’s dividend payout ratio (DPR) is currently 84.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of METC. Innealta Capital LLC acquired a new stake in Ramaco Resources during the second quarter worth about $28,000. SG Americas Securities LLC boosted its position in shares of Ramaco Resources by 12.9% during the 1st quarter. SG Americas Securities LLC now owns 21,545 shares of the energy company’s stock worth $363,000 after acquiring an additional 2,460 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in 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 acquiring an additional 4,460 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Ramaco Resources during the first quarter valued at approximately $93,000. Finally, Empowered Funds LLC lifted its stake in Ramaco Resources by 5.3% during the third quarter. Empowered Funds LLC now owns 115,017 shares of the energy company’s stock worth $1,346,000 after purchasing an additional 5,762 shares during the last quarter. Institutional investors own 74.49% of the company’s stock.

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.