Peter Leidel Sells 400,000 Shares of Ramaco Resources (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter Leidel sold 400,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $14.41, for a total transaction of $5,764,000.00. Following the sale, the director directly owned 2,284,254 shares of the company’s stock, valued at $32,916,100.14. The trade was a 14.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ramaco Resources Trading Up 4.1%

Shares of METC opened at $14.87 on Friday. The stock has a market capitalization of $969.23 million, a P/E ratio of -13.52 and a beta of 1.31. The company has a quick ratio of 3.93, a current ratio of 4.88 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $16.45. Ramaco Resources, Inc. has a twelve month low of $9.75 and a twelve month high of $57.80.

Ramaco Resources (NASDAQ:METC) last announced its quarterly 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 firm had revenue of $101.41 million for the quarter, compared to analysts’ expectations of $129.72 million. During the same period in the previous year, the company earned ($0.20) EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, research analysts anticipate that Ramaco Resources, Inc. will post -0.27 EPS for the current year.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Ramaco Resources

A number of institutional investors and hedge funds have recently bought and sold shares of METC. Millennium Management LLC bought a new stake in Ramaco Resources during the 3rd quarter valued at about $23,451,000. Vanguard Group Inc. boosted its holdings in shares of Ramaco Resources by 40.0% during 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. Bamco Inc. NY purchased a new stake in shares of Ramaco Resources during the 3rd quarter valued at about $20,679,000. Merewether Investment Management LP purchased a new stake in shares of Ramaco Resources during the 3rd quarter valued at about $18,633,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Ramaco Resources by 74.6% during 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 currently owned by institutional investors.

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.