Q4 EPS Forecast for Ramaco Resources Lifted by Analyst

Ramaco Resources, Inc. (NASDAQ:METC) – Stock analysts at B. Riley increased their Q4 2024 earnings per share (EPS) estimates for shares of Ramaco Resources in a report issued on Wednesday, November 6th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.01. B. Riley has a “Buy” rating and a $18.00 price target on the stock. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.88 per share. B. Riley also issued estimates for Ramaco Resources’ Q1 2025 earnings at $0.14 EPS and Q2 2025 earnings at $0.36 EPS.

Ramaco Resources (NASDAQ:METC) last issued its quarterly earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Ramaco Resources had a net margin of 5.35% and a return on equity of 10.12%. The company had revenue of $167.40 million for the quarter, compared to the consensus estimate of $156.41 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. Ramaco Resources’s revenue was down 10.5% compared to the same quarter last year.

Separately, Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Ramaco Resources in a report on Thursday, August 29th.

Ramaco Resources Stock Down 1.6 %

Shares of Ramaco Resources stock opened at $12.22 on Friday. The company has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $12.59. Ramaco Resources has a 52-week low of $9.03 and a 52-week high of $22.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.90 and a current ratio of 1.33. The stock has a market capitalization of $534.38 million, a PE ratio of 18.80 and a beta of 1.08.

Institutional Investors Weigh In On Ramaco Resources

A number of large investors have recently made changes to their positions in METC. Dimensional Fund Advisors LP increased its position in Ramaco Resources by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,380,601 shares of the energy company’s stock worth $17,186,000 after buying an additional 245,924 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ramaco Resources by 8.9% during the first quarter. Vanguard Group Inc. now owns 1,591,146 shares of the energy company’s stock valued at $26,795,000 after buying an additional 130,593 shares during the last quarter. Marshall Wace LLP grew its stake in Ramaco Resources by 287.2% during the second quarter. Marshall Wace LLP now owns 125,565 shares of the energy company’s stock valued at $1,563,000 after acquiring an additional 93,139 shares in the last quarter. American Century Companies Inc. increased its holdings in Ramaco Resources by 14.9% in the 2nd quarter. American Century Companies Inc. now owns 694,615 shares of the energy company’s stock valued at $8,648,000 after acquiring an additional 90,014 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Ramaco Resources by 442.0% in the 2nd quarter. Victory Capital Management Inc. now owns 108,390 shares of the energy company’s stock worth $1,349,000 after purchasing an additional 88,392 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Ramaco Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, August 30th. Ramaco Resources’s payout ratio is currently 84.62%.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.