B. Riley Decreases Earnings Estimates for Ramaco Resources

Ramaco Resources, Inc. (NASDAQ:METC) – Research analysts at B. Riley dropped their FY2025 earnings per share (EPS) estimates for shares of Ramaco Resources in a report issued 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.

Other analysts have also issued reports about the stock. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research report on Wednesday. Jefferies Financial Group reduced their target price 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.

Ramaco Resources Stock Down 0.6 %

Shares of NASDAQ:METC opened at $9.56 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. Ramaco Resources has a 12 month low of $8.17 and a 12 month high of $17.23. The company has a 50-day moving average price of $9.61 and a 200 day moving average price of $10.67. The company has a market cap of $502.18 million, a price-to-earnings ratio of 14.71 and a beta of 1.17.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Monday, March 10th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $166.59 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was down 15.7% on a year-over-year basis.

Hedge Funds Weigh In On Ramaco Resources

Several institutional investors have recently bought and sold shares of the business. Pingora Partners LLC boosted its stake in Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock valued at $43,000 after acquiring an additional 2,840 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Ramaco Resources during the third quarter worth $45,000. AlphaQuest LLC acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $50,000. Campbell Capital Management Inc. acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $51,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Ramaco Resources during the fourth quarter worth $56,000. 74.49% of the stock is owned by hedge funds and other institutional investors.

Ramaco Resources Dividend Announcement

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

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.