Ramaco Resources Inc (NASDAQ:METC) – Analysts at Jefferies Financial Group raised their FY2019 earnings per share estimates for shares of Ramaco Resources in a research note issued on Tuesday, July 9th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will earn $1.54 per share for the year, up from their previous estimate of $1.53.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data 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 net margin of 11.65% and a return on equity of 19.16%. The business had revenue of $57.46 million for the quarter, compared to the consensus estimate of $71.12 million.

Several other research firms have also weighed in on METC. TheStreet upgraded shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Ramaco Resources currently has a consensus rating of “Buy” and an average target price of $8.50.

NASDAQ:METC opened at $5.29 on Wednesday. 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 quick ratio of 1.05 and a current ratio of 1.55. The firm’s 50-day simple moving average is $5.51. The company has a market cap of $215.59 million, a price-to-earnings ratio of 8.53 and a beta of 1.10.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Ramaco Resources by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 68,665 shares of the energy company’s stock worth $339,000 after buying an additional 1,849 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Ramaco Resources in the first quarter worth about $46,000. AlpInvest Partners B.V. acquired a new position in shares of Ramaco Resources in the first quarter worth about $175,000. Dimensional Fund Advisors LP acquired a new position in shares of Ramaco Resources in the fourth quarter worth about $160,000. Finally, Anchor Bolt Capital LP boosted its holdings in shares of Ramaco Resources by 13.4% in 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 period. Institutional investors own 76.02% 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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Earnings History and Estimates for Ramaco Resources (NASDAQ:METC)

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