Q4 EPS Forecast for Ramaco Resources Decreased by Analyst

Ramaco Resources, Inc. (NASDAQ:METC) – Investment analysts at B. Riley dropped their Q4 2024 earnings per share estimates for Ramaco Resources in a research note issued to investors on Thursday, January 30th. B. Riley analyst N. Giles now anticipates that the energy company will earn ($0.11) per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Ramaco Resources’ current full-year earnings is $0.05 per share. B. Riley also issued estimates for Ramaco Resources’ FY2025 earnings at $1.18 EPS.

Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $156.41 million. Ramaco Resources had a net margin of 5.35% and a return on equity of 10.17%. Ramaco Resources’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS.

Separately, Jefferies Financial Group lowered their target price on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Ramaco Resources Stock Performance

Ramaco Resources stock opened at $9.96 on Monday. The firm has a fifty day simple moving average of $10.62 and a two-hundred day simple moving average of $11.22. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 0.23. Ramaco Resources has a twelve month low of $8.87 and a twelve month high of $20.70. The company has a market capitalization of $523.20 million, a PE ratio of 15.32 and a beta of 1.16.

Ramaco Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Friday, February 28th. Ramaco Resources’s dividend payout ratio (DPR) is presently 84.62%.

Hedge Funds Weigh In On Ramaco Resources

Several hedge funds and other institutional investors have recently modified their holdings of METC. Bank of New York Mellon Corp lifted its holdings in Ramaco Resources by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 524,009 shares of the energy company’s stock valued at $5,376,000 after acquiring an additional 155,169 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Ramaco Resources by 12.5% in the fourth quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock worth $185,000 after buying an additional 2,000 shares during the last quarter. Acuitas Investments LLC grew its position in Ramaco Resources by 153.1% during the fourth quarter. Acuitas Investments LLC now owns 152,097 shares of the energy company’s stock valued at $1,561,000 after buying an additional 92,008 shares during the period. Principal Financial Group Inc. increased its holdings in Ramaco Resources by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock valued at $390,000 after buying an additional 3,754 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Ramaco Resources by 5.1% during the 4th quarter. Empowered Funds LLC now owns 120,887 shares of the energy company’s stock worth $1,240,000 after acquiring an additional 5,870 shares during the last quarter. 74.49% of the stock is owned by institutional investors.

About Ramaco Resources

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.