Ramaco Resources (METC) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Ramaco Resources (NASDAQ:METC) from a d+ rating to a c- rating in a research report report published on Thursday morning, TheStreetRatingsTable reports.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Ramaco Resources from a buy rating to a hold rating in a report on Saturday, March 2nd. Clarkson Capital restated a buy rating on shares of Ramaco Resources in a report on Monday, February 25th. Finally, Seaport Global Securities restated a buy rating on shares of Ramaco Resources in a report on Monday, February 25th. 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. The company has an average rating of Hold and a consensus target price of $8.75.

METC opened at $6.28 on Thursday. Ramaco Resources has a twelve month low of $4.35 and a twelve month high of $8.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.55 and a quick ratio of 1.05. The company has a market capitalization of $256.42 million, a P/E ratio of 10.13 and a beta of 1.14.

Ramaco Resources (NASDAQ:METC) last posted its earnings results on Tuesday, May 7th. The energy company reported $0.17 earnings per share 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 company had revenue of $57.46 million during the quarter, compared to analyst estimates of $71.12 million. Equities analysts expect that Ramaco Resources will post 1.42 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Anchor Bolt Capital LP lifted its holdings in shares of Ramaco Resources by 13.4% during the fourth quarter. Anchor Bolt Capital LP now owns 425,483 shares of the energy company’s stock worth $2,106,000 after buying an additional 50,296 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ramaco Resources by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 348,353 shares of the energy company’s stock worth $2,599,000 after buying an additional 75,938 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ramaco Resources by 4.8% during the third quarter. Vanguard Group Inc. now owns 305,121 shares of the energy company’s stock worth $2,276,000 after buying an additional 13,874 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Ramaco Resources by 4.8% during the third quarter. Vanguard Group Inc now owns 305,121 shares of the energy company’s stock worth $2,276,000 after buying an additional 13,874 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ramaco Resources by 492.6% during the fourth quarter. Bank of New York Mellon Corp now owns 73,093 shares of the energy company’s stock worth $362,000 after buying an additional 60,758 shares during the last quarter. Institutional investors own 78.43% of the company’s stock.

Ramaco Resources Company Profile

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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