Ramaco Resources (NASDAQ:METC) posted its earnings results on Tuesday. The energy company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02, Fidelity Earnings reports. Ramaco Resources had a return on equity of 15.27% and a net margin of 9.20%. The firm had revenue of $44.19 million for the quarter, compared to analysts’ expectations of $39.10 million.
Shares of METC stock opened at $5.66 on Wednesday. Ramaco Resources has a 1 year low of $4.35 and a 1 year high of $8.94. The firm has a market cap of $223.26 million, a PE ratio of -13.80 and a beta of 0.98.
METC has been the topic of several analyst reports. TheStreet cut Ramaco Resources from a “c-” rating to a “d” rating in a research report on Tuesday, November 20th. ValuEngine cut Ramaco Resources from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. Zacks Investment Research cut Ramaco Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Seaport Global Securities restated a “buy” rating on shares of Ramaco Resources in a research report on Monday, February 25th. Finally, Clarkson Capital restated a “buy” rating on shares of Ramaco Resources in a research report on Monday, February 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.13.
A hedge fund recently bought a new stake in Ramaco Resources stock. Dimensional Fund Advisors LP purchased a new stake in shares of Ramaco Resources Inc (NASDAQ:METC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 32,236 shares of the energy company’s stock, valued at approximately $160,000. Dimensional Fund Advisors LP owned 0.08% of Ramaco Resources as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 80.02% of the company’s stock.
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About Ramaco Resources
Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 18,728 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
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