B. Riley Lowers Earnings Estimates for Ramaco Resources

Ramaco Resources, Inc. (NASDAQ:METC) – Research analysts at B. Riley reduced their FY2025 earnings per share estimates for shares of Ramaco Resources in a report released on Wednesday, March 12th. B. Riley analyst N. Giles now expects that the energy company will earn $1.11 per share for the year, down from their previous forecast of $1.18. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.05 per share.

A number of other equities analysts have also commented on the company. Jefferies Financial Group cut their price target on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a report on Monday, January 6th. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research note on Wednesday.

Ramaco Resources Stock Performance

NASDAQ:METC opened at $9.56 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The business has a fifty day simple moving average of $9.61 and a two-hundred day simple moving average of $10.67. Ramaco Resources has a 1 year low of $8.17 and a 1 year high of $17.23. The company has a market capitalization of $502.18 million, a P/E ratio of 14.71 and a beta of 1.17.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $170.90 million during the quarter, compared to analysts’ expectations of $166.59 million. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was down 15.7% compared to the same quarter last year.

Institutional Trading of Ramaco Resources

Several large investors have recently bought and sold shares of METC. Victory Capital Management Inc. boosted its position in Ramaco Resources by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 127,965 shares of the energy company’s stock valued at $1,497,000 after acquiring an additional 19,575 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Ramaco Resources by 5.3% in the 3rd 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 in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Ramaco Resources by 1.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 310,688 shares of the energy company’s stock worth $3,635,000 after purchasing an additional 4,460 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ramaco Resources by 231.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 262,354 shares of the energy company’s stock valued at $3,070,000 after acquiring an additional 183,163 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in Ramaco Resources by 190.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 89,958 shares of the energy company’s stock valued at $1,053,000 after acquiring an additional 58,980 shares in the last quarter. 74.49% of the stock is owned by institutional investors.

Ramaco Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.55 annualized dividend and a dividend yield of 5.75%. Ramaco Resources’s dividend payout ratio is currently 500.00%.

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.