Q4 EPS Estimates for Ramaco Resources Reduced by B. Riley

Ramaco Resources, Inc. (NASDAQ:METC) – Equities researchers at B. Riley lowered their Q4 2024 earnings estimates for shares of Ramaco Resources in a report issued on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the energy company will post earnings per share of ($0.11) for the quarter, down from their previous estimate 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) last announced its earnings results on Monday, November 4th. The energy company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS.

Separately, Jefferies Financial Group reduced 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 report on Monday, January 6th.

Ramaco Resources Stock Performance

METC stock opened at $9.47 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. The firm has a market cap of $497.45 million, a PE ratio of 14.57 and a beta of 1.18. The business has a 50 day moving average of $10.73 and a 200-day moving average of $11.29. Ramaco Resources has a 12-month low of $8.87 and a 12-month high of $20.70.

Ramaco Resources Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a yield of 5.81%. Ramaco Resources’s dividend payout ratio is presently 84.62%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in shares of Ramaco Resources by 12.5% during the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after acquiring an additional 2,000 shares in the last quarter. Acuitas Investments LLC raised its position in Ramaco Resources by 153.1% in the 4th quarter. Acuitas Investments LLC now owns 152,097 shares of the energy company’s stock worth $1,561,000 after purchasing an additional 92,008 shares during the period. Principal Financial Group Inc. lifted its stake in Ramaco Resources by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock worth $390,000 after purchasing an additional 3,754 shares during the last quarter. Empowered Funds LLC boosted its position in Ramaco Resources by 5.1% during the fourth quarter. Empowered Funds LLC now owns 120,887 shares of the energy company’s stock valued at $1,240,000 after buying an additional 5,870 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of Ramaco Resources by 39.5% during the fourth quarter. DAVENPORT & Co LLC now owns 29,721 shares of the energy company’s stock valued at $305,000 after buying an additional 8,416 shares during the last quarter. 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.