B. Riley Decreases Earnings Estimates for Ramaco Resources

Ramaco Resources, Inc. (NASDAQ:METC) – Research analysts at B. Riley cut their FY2025 earnings per share (EPS) estimates for shares of Ramaco Resources in a research report issued on Wednesday, March 12th. B. Riley analyst N. Giles now forecasts that the energy company will post earnings of $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.

Ramaco Resources (NASDAQ:METC) last released its quarterly earnings data 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 net margin of 5.35% and a return on equity of 10.17%. The business had revenue of $170.90 million for the quarter, compared to the consensus estimate of $166.59 million. During the same quarter last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was down 15.7% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group dropped their target price on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Benchmark reissued a “buy” rating on shares of Ramaco Resources in a research report on Wednesday.

Ramaco Resources Trading Down 0.6 %

NASDAQ:METC opened at $9.56 on Friday. Ramaco Resources has a fifty-two week low of $8.17 and a fifty-two week high of $17.23. 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 stock has a market capitalization of $502.18 million, a PE ratio of 14.71 and a beta of 1.17. The business’s 50-day simple moving average is $9.59 and its 200-day simple moving average is $10.65.

Institutional Investors Weigh In On Ramaco Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of METC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ramaco Resources by 3.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,656 shares of the energy company’s stock worth $427,000 after purchasing an additional 1,425 shares during the last quarter. WBI Investments LLC acquired a new position in shares of Ramaco Resources during the 4th quarter worth approximately $154,000. Westwood Holdings Group Inc. acquired a new position in shares of Ramaco Resources during the 4th quarter worth approximately $247,000. Wexford Capital LP acquired a new position in shares of Ramaco Resources during the 4th quarter worth approximately $825,000. Finally, Trustees of Columbia University in the City of New York acquired a new position in shares of Ramaco Resources during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Ramaco Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Friday, February 28th. Ramaco Resources’s dividend payout ratio is presently 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.