Ramaco Resources Inc (NASDAQ:METC) – Analysts at Jefferies Financial Group boosted their FY2019 earnings estimates for shares of Ramaco Resources in a report issued on Wednesday, March 13th. Jefferies Financial Group analyst C. Lafemina now expects that the energy company will earn $1.76 per share for the year, up from their previous estimate of $1.72. Jefferies Financial Group also issued estimates for Ramaco Resources’ FY2020 earnings at $2.26 EPS, FY2021 earnings at $2.02 EPS and FY2022 earnings at $2.30 EPS.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Ramaco Resources from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. TheStreet downgraded shares of Ramaco Resources from a “c-” rating to a “d” rating in a research note on Tuesday, November 20th. Clarkson Capital reiterated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. Seaport Global Securities reiterated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. Finally, ValuEngine downgraded shares of Ramaco Resources from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $9.13.

Shares of METC opened at $5.44 on Friday. The company has a market capitalization of $218.45 million, a price-to-earnings ratio of -13.27 and a beta of 0.98. Ramaco Resources has a twelve month low of $4.35 and a twelve month high of $8.94.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc lifted its position in Ramaco Resources by 4.8% during the third quarter. Vanguard Group Inc now owns 305,121 shares of the energy company’s stock valued at $2,276,000 after purchasing an additional 13,874 shares during the period. AlpInvest Partners B.V. acquired a new position in Ramaco Resources during the third quarter valued at $205,000. JPMorgan Chase & Co. lifted its position in Ramaco Resources by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 348,353 shares of the energy company’s stock valued at $2,599,000 after purchasing an additional 75,938 shares during the period. Travelers Companies Inc. purchased a new position in Ramaco Resources in the third quarter valued at $117,000. Finally, Vanguard Group Inc. increased its holdings in Ramaco Resources by 4.8% in the third quarter. Vanguard Group Inc. now owns 305,121 shares of the energy company’s stock valued at $2,276,000 after buying an additional 13,874 shares in the last quarter. Institutional investors own 80.41% 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 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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Earnings History and Estimates for Ramaco Resources (NASDAQ:METC)

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