Peter A. Leidel Sells 249,371 Shares of Ramaco Resources, Inc. (NASDAQ:METC) Stock

Ramaco Resources, Inc. (NASDAQ:METC) Director Peter A. Leidel sold 249,371 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $16.22, for a total value of $4,044,797.62. Following the completion of the sale, the director now directly owns 720,796 shares of the company’s stock, valued at approximately $11,691,311.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ramaco Resources Trading Down 3.9 %

Ramaco Resources stock opened at $16.43 on Tuesday. The stock has a market cap of $865.70 million, a PE ratio of 11.25 and a beta of 1.06. The stock has a 50-day moving average price of $11.47 and a 200 day moving average price of $9.60. Ramaco Resources, Inc. has a 52 week low of $7.26 and a 52 week high of $19.94. The company has a current ratio of 1.19, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Ramaco Resources (NASDAQ:METC) last posted its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $187.00 million during the quarter, compared to analysts’ expectations of $159.63 million. Ramaco Resources had a return on equity of 20.69% and a net margin of 10.65%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. Equities research analysts predict that Ramaco Resources, Inc. will post 1.75 earnings per share for the current fiscal year.

Ramaco Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Thursday, November 30th. Ramaco Resources’s dividend payout ratio is presently 34.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on METC. Jefferies Financial Group raised their price target on Ramaco Resources from $10.50 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, October 4th. Benchmark raised their price target on Ramaco Resources from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. B. Riley raised their price target on Ramaco Resources from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, September 27th. Finally, BMO Capital Markets raised their price target on Ramaco Resources from $10.00 to $12.00 and gave the company a “market perform” rating in a research report on Thursday, November 9th.

Institutional Trading of Ramaco Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in Ramaco Resources by 261.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,270 shares of the energy company’s stock worth $38,000 after purchasing an additional 3,090 shares in the last quarter. Point72 Middle East FZE purchased a new stake in Ramaco Resources in the 4th quarter valued at about $44,000. Bank of America Corp DE grew its holdings in Ramaco Resources by 523.1% in the 1st quarter. Bank of America Corp DE now owns 5,944 shares of the energy company’s stock valued at $94,000 after buying an additional 4,990 shares during the period. Ensign Peak Advisors Inc purchased a new stake in Ramaco Resources in the 3rd quarter valued at about $55,000. Finally, Barclays PLC grew its holdings in Ramaco Resources by 532.9% in the 4th quarter. Barclays PLC now owns 6,019 shares of the energy company’s stock valued at $53,000 after buying an additional 5,068 shares during the period. Hedge funds and other institutional investors own 49.68% of the company’s stock.

Ramaco Resources Company Profile

Ramaco Resources, Inc operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania.