State of Wyoming Makes New $50,000 Investment in Ramaco Resources, Inc. $METC

State of Wyoming acquired a new position in shares of Ramaco Resources, Inc. (NASDAQ:METC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,126 shares of the energy company’s stock, valued at approximately $50,000.

Other large investors also recently modified their holdings of the company. CenterBook Partners LP grew its position in Ramaco Resources by 151.0% in the 1st quarter. CenterBook Partners LP now owns 1,678,594 shares of the energy company’s stock valued at $13,815,000 after purchasing an additional 1,009,782 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Ramaco Resources by 98.9% during the 4th quarter. Point72 Asset Management L.P. now owns 696,531 shares of the energy company’s stock worth $7,146,000 after purchasing an additional 346,265 shares during the period. Pacer Advisors Inc. bought a new stake in Ramaco Resources in the 1st quarter valued at about $2,748,000. Acuitas Investments LLC raised its stake in Ramaco Resources by 103.8% in the 1st quarter. Acuitas Investments LLC now owns 309,957 shares of the energy company’s stock valued at $2,551,000 after acquiring an additional 157,860 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ramaco Resources in the 1st quarter valued at about $806,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on METC shares. Wall Street Zen cut Ramaco Resources from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Zacks Research upgraded shares of Ramaco Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, August 29th. Benchmark reissued a “buy” rating and set a $24.00 price objective (up previously from $14.00) on shares of Ramaco Resources in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a $27.00 target price (up previously from $15.00) on shares of Ramaco Resources in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.67.

Insider Transactions at Ramaco Resources

In related news, Director Peter A. Leidel sold 1,600,000 shares of Ramaco Resources stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $18.75, for a total transaction of $30,000,000.00. Following the sale, the director owned 2,502,930 shares of the company’s stock, valued at approximately $46,929,937.50. This trade represents a 39.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 36.20% of the company’s stock.

Ramaco Resources Trading Down 1.5%

Shares of NASDAQ:METC opened at $25.55 on Wednesday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -56.78 and a beta of 1.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.36. The stock’s 50-day simple moving average is $21.52 and its two-hundred day simple moving average is $13.63. Ramaco Resources, Inc. has a 52-week low of $6.30 and a 52-week high of $28.40.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Thursday, July 31st. The energy company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.07). Ramaco Resources had a negative return on equity of 5.55% and a negative net margin of 3.17%.The company had revenue of $152.96 million during the quarter, compared to the consensus estimate of $131.55 million. During the same period last year, the business earned $0.08 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts expect that Ramaco Resources, Inc. will post 0.05 EPS for the current year.

Ramaco Resources 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.