Q4 EPS Estimates for Ramaco Resources Boosted by B. Riley

Ramaco Resources, Inc. (NASDAQ:METC) – Stock analysts at B. Riley upped their Q4 2024 earnings per share estimates for Ramaco Resources in a report issued 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 has a “Buy” rating and a $18.00 price objective 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.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings results 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 return on equity of 10.12% and a net margin of 5.35%. The company had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. During the same period in the previous year, the business earned $0.45 earnings per share. Ramaco Resources’s revenue was down 10.5% on a year-over-year basis.

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

Ramaco Resources Price Performance

Ramaco Resources stock opened at $11.87 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.33 and a quick ratio of 0.90. Ramaco Resources has a one year low of $9.03 and a one year high of $22.70. The firm has a market capitalization of $519.08 million, a P/E ratio of 18.26 and a beta of 1.08. The business has a fifty day moving average price of $10.73 and a 200-day moving average price of $12.56.

Ramaco Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.55 dividend on an annualized basis and a yield of 4.65%. Ramaco Resources’s payout ratio is 84.62%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of METC. Dimensional Fund Advisors LP increased its holdings in shares of Ramaco Resources by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock worth $17,186,000 after buying an additional 245,924 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Ramaco Resources by 8.9% during the first quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock valued at $26,795,000 after purchasing an additional 130,593 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Ramaco Resources by 287.2% during the second quarter. Marshall Wace LLP now owns 125,565 shares of the energy company’s stock valued at $1,563,000 after purchasing an additional 93,139 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Ramaco Resources by 14.9% during the second quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after purchasing an additional 90,014 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Ramaco Resources by 442.0% during the second quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock valued at $1,349,000 after purchasing an additional 88,392 shares during the last quarter. Hedge funds and other 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.