Ramaco Resources Inc (NASDAQ:METC) – B. Riley reduced their Q2 2019 earnings per share estimates for Ramaco Resources in a research note issued on Thursday, May 9th. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.39. B. Riley also issued estimates for Ramaco Resources’ Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.37 EPS and FY2020 earnings at $1.45 EPS.
Other analysts have also issued research reports about the company. Clarkson Capital restated a “buy” rating on shares of Ramaco Resources in a report on Monday, February 25th. Seaport Global Securities restated a “buy” rating on shares of Ramaco Resources in a report on Monday, February 25th. Finally, Zacks Investment Research upgraded Ramaco Resources from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Ramaco Resources has an average rating of “Hold” and an average price target of $8.75.
Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings data on Tuesday, May 7th. The energy company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.19). Ramaco Resources had a return on equity of 19.16% and a net margin of 11.65%. The firm had revenue of $57.46 million for the quarter, compared to analysts’ expectations of $71.12 million.
A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC purchased a new stake in Ramaco Resources during the 1st quarter valued at $46,000. Dimensional Fund Advisors LP raised its holdings in Ramaco Resources by 59.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 51,550 shares of the energy company’s stock valued at $299,000 after buying an additional 19,314 shares during the period. JPMorgan Chase & Co. raised its holdings in Ramaco Resources by 25.7% during the 1st quarter. JPMorgan Chase & Co. now owns 344,293 shares of the energy company’s stock valued at $1,997,000 after buying an additional 70,466 shares during the period. Anchor Bolt Capital LP raised its holdings in Ramaco Resources by 13.4% during the 4th quarter. Anchor Bolt Capital LP now owns 425,483 shares of the energy company’s stock valued at $2,106,000 after buying an additional 50,296 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Ramaco Resources by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 68,665 shares of the energy company’s stock valued at $339,000 after buying an additional 1,849 shares during the period. Institutional investors own 78.29% of the company’s stock.
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 20,552 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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