In yesterday’s Wall Street session, Ramaco Resources Inc. (NASDAQ:METC) shares traded at $9.02, down -0.66% from the previous session.
As we calculate the median target price by taking the range between a high of $15.00 and a low of $11.00, we find $13.00. Given the previous closing price of $9.08, this indicates a potential upside of 43.17 percent. METC stock price is now -11.72% away from the 50-day moving average and -26.08% away from the 200-day moving average. The market capitalization of the company currently stands at $379.74M.
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Brokers who have rated the stock have averaged $13.00 as their price target over the next twelve months.
With the price target enhanced from $16 to $25, Jefferies Upgraded its rating from Hold to Buy for Ramaco Resources Inc. (NASDAQ: METC). , while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
In other news, FRISCHKORN DAVID E K, Director sold 5,000 shares of the company’s stock on Sep 02. The stock was sold for $49,450 at an average price of $9.89. Upon completion of the transaction, the Director now directly owns 30,439 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 18, Director FRISCHKORN DAVID E K sold 5,000 shares of the business’s stock. A total of $58,300 was realized by selling the stock at an average price of $11.66. This leaves the insider owning 35,439 shares of the company worth $0.32 million. Insiders disposed of 11,055,396 shares of company stock worth roughly $99.72 million over the past 1 year. A total of 4.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in METC stock. A new stake in Ramaco Resources Inc. shares was purchased by ENCOMPASS CAPITAL ADVISORS LLC during the first quarter worth $4,590,000. REGAL PARTNERS LTD invested $3,120,000 in shares of METC during the first quarter. In the first quarter, AQR CAPITAL MANAGEMENT LLC acquired a new stake in Ramaco Resources Inc. valued at approximately $1,304,000. TEACHER RETIREMENT SYSTEM OF TEXAS acquired a new stake in METC for approximately $894,000. FIRST TRUST ADVISORS LP purchased a new stake in METC valued at around $575,000 in the second quarter. In total, there are 158 active investors with 62.90% ownership of the company’s stock.
On Tuesday morning Ramaco Resources Inc. (NASDAQ: METC) stock kicked off with the opening price of $9.18. During the past 12 months, Ramaco Resources Inc. has had a low of $8.12 and a high of $21.73. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 0.90, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $492.82M, which is based on a 3.37 price-to-earnings ratio, a 0.80 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for METC is $10.22 and a two-hundred day moving average price translates $12.20 for the stock.
The latest earnings results from Ramaco Resources Inc. (NASDAQ: METC) was released for Sep, 2022. According to the Coking Coal Company, earnings per share came in at $0.6, missing analysts’ expectations of $1.14 by -0.54. This compares to $0.16 EPS in the same period last year. The net profit margin was 23.20% and return on equity was 46.20% for METC. The company reported revenue of $136.93 million for the quarter, compared to $76.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 79.28 percent. For the current quarter, analysts expect METC to generate $139.63M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/01/2023 were paid a $0.125 dividend. On an annualized basis, this represents a $0.50 dividend and a 5.54% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, METC is presently at 16.60%.
Ramaco Resources Inc.(METC) Company Profile
Ramaco Resources, Inc. produces and sells metallurgical coal. The company’s development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.
