Equities Analysts Issue Forecasts for Ramaco Resources, Inc.’s Q1 2024 Earnings (NASDAQ:METC)

Ramaco Resources, Inc. (NASDAQ:METC – Get Rating) – Investment analysts at B. Riley issued their Q1 2024 earnings per share (EPS) estimates for Ramaco Resources in a report released on Friday, March 10th. B. Riley analyst L. Pipes anticipates that the energy company will post earnings per share of $0.27 for the quarter. The consensus estimate for Ramaco Resources’ current full-year earnings is $3.10 per share. B. Riley also issued estimates for Ramaco Resources’ Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.10 EPS and Q4 2024 earnings at $0.10 EPS.

Ramaco Resources (NASDAQ:METC – Get Rating) last issued its quarterly earnings data on Wednesday, March 8th. The energy company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.32). Ramaco Resources had a return on equity of 43.04% and a net margin of 20.51%. The business had revenue of $135.23 million during the quarter, compared to analysts’ expectations of $147.54 million.

Separately, Benchmark lowered their price objective on Ramaco Resources from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, December 9th.

Ramaco Resources Trading Up 2.9 %

Shares of METC stock opened at $9.80 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 0.94. Ramaco Resources has a 52-week low of $8.12 and a 52-week high of $21.73. The company has a market capitalization of $432.38 million, a PE ratio of 3.80 and a beta of 1.12. The business’s fifty day moving average is $9.95 and its 200 day moving average is $10.14.

Institutional Investors Weigh In On Ramaco Resources

A number of large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Ramaco Resources by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 61,187 shares of the energy company’s stock valued at $538,000 after purchasing an additional 1,407 shares in the last quarter. Foundry Partners LLC raised its position in Ramaco Resources by 1.0% during the third quarter. Foundry Partners LLC now owns 148,460 shares of the energy company’s stock valued at $1,366,000 after purchasing an additional 1,530 shares in the last quarter. UBS Group AG raised its position in Ramaco Resources by 3.0% during the second quarter. UBS Group AG now owns 81,853 shares of the energy company’s stock valued at $1,076,000 after purchasing an additional 2,362 shares in the last quarter. Deutsche Bank AG raised its position in Ramaco Resources by 31.2% during the fourth quarter. Deutsche Bank AG now owns 12,824 shares of the energy company’s stock valued at $113,000 after purchasing an additional 3,046 shares in the last quarter. Finally, State Street Corp raised its position in Ramaco Resources by 10.2% during the first quarter. State Street Corp now owns 36,134 shares of the energy company’s stock valued at $571,000 after purchasing an additional 3,334 shares in the last quarter. Hedge funds and other institutional investors own 62.22% of the company’s stock.

About Ramaco Resources

(Get Rating)

Ramaco Resources, Inc engages in the operation and development of coal mining properties. The firm deals with metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its portfolio consists of Elk Creek, Berwind, RAM Mine, and Knox Creek. The company was founded by Randall W.