Peter Leidel Sells 200,000 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 200,000 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $13.48, for a total transaction of $2,696,000.00. Following the sale, the director directly owned 2,230,926 shares of the company’s stock, valued at approximately $30,072,882.48. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ramaco Resources Stock Up 4.1%

Shares of NASDAQ:METC opened at $14.87 on Friday. The company has a current ratio of 4.88, a quick ratio of 3.93 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $14.84 and a 200 day simple moving average of $16.45. The firm has a market cap of $969.23 million, a PE ratio of -13.52 and a beta of 1.31. Ramaco Resources, Inc. has a 12-month low of $9.75 and a 12-month high of $57.80.

Ramaco Resources (NASDAQ:METC) last released its earnings results on Monday, May 11th. The energy company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Ramaco Resources had a negative net margin of 11.52% and a negative return on equity of 13.44%. The business had revenue of $101.41 million for the quarter, compared to the consensus estimate of $129.72 million. During the same quarter in the previous year, the firm earned ($0.20) EPS. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Ramaco Resources, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its holdings in Ramaco Resources by 10.2% in the 4th quarter. State Street Corp now owns 2,489,797 shares of the energy company’s stock valued at $44,816,000 after acquiring an additional 230,197 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Ramaco Resources by 40.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,335,257 shares of the energy company’s stock valued at $77,507,000 after acquiring an additional 667,199 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Ramaco Resources by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,526,164 shares of the energy company’s stock valued at $27,471,000 after acquiring an additional 9,860 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ramaco Resources by 38.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,435,059 shares of the energy company’s stock valued at $22,179,000 after acquiring an additional 398,626 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Ramaco Resources by 74.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,160,898 shares of the energy company’s stock valued at $20,896,000 after acquiring an additional 496,150 shares during the last quarter. 74.49% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Ramaco Resources

Here are the key news stories impacting Ramaco Resources this week:

• Negative Sentiment: Ramaco was named in fresh class-action related notices tied to its senior notes offering and secondary public offering, which could raise litigation overhang and uncertainty for shareholders. Ramaco Resources Inc. Senior Notes Offering Investors (NASDAQ: METC) May Be Eligible to Recover Losses.
• Negative Sentiment: Another disclosure showed Director Peter Leidel sold shares, adding to a series of insider disposals that may signal reduced confidence or profit-taking. Ramaco Resources (NASDAQ:METC) Director Peter Leidel Sells 6,081 Shares
• Negative Sentiment: Insider-trading coverage also highlighted multiple earlier Leidel sales, reinforcing the impression of persistent selling pressure from management and insiders. Peter A. Leidel insider transactions
• Neutral Sentiment: Shareholders recently backed the company’s directors and incentive plan, which supports governance continuity but is not a major fundamental catalyst on its own. Ramaco Resources Shareholders Back Directors and Incentive Plan
• Neutral Sentiment: Brokerage sentiment remains “Moderate Buy,” suggesting analysts still see long-term value even as near-term sentiment stays mixed. Ramaco Resources, Inc. (NASDAQ:METC) Given Consensus Rating of “Moderate Buy” by Brokerages

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on METC shares. Robert W. Baird reduced their price target on shares of Ramaco Resources from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Morgan Stanley reduced their price target on shares of Ramaco Resources from $17.50 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. The Goldman Sachs Group raised shares of Ramaco Resources from a “sell” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $15.00 in a report on Tuesday, April 21st. Zacks Research raised shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, B. Riley Financial reduced their price target on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Ramaco Resources Company Profile

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.