Q4 EPS Estimates for Ramaco Resources Decreased by B. Riley

Ramaco Resources, Inc. (NASDAQ:METC) – Stock analysts at B. Riley cut their Q4 2024 earnings per share estimates for Ramaco Resources in a research report issued to clients and 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 estimate 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 posted its earnings results on Monday, November 4th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Ramaco Resources had a return on equity of 10.17% and a net margin of 5.35%. The firm had revenue of $167.40 million during the quarter, compared to the consensus estimate of $156.41 million. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue was down 10.5% compared to the same quarter last year.

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

Ramaco Resources Stock Up 5.4 %

Ramaco Resources stock opened at $9.96 on Monday. Ramaco Resources has a fifty-two week low of $8.87 and a fifty-two week high of $20.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.86 and a current ratio of 1.35. The firm’s 50-day simple moving average is $10.62 and its 200 day simple moving average is $11.22. The stock has a market cap of $523.20 million, a PE ratio of 15.32 and a beta of 1.16.

Hedge Funds Weigh In On Ramaco Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkfeld Wealth Strategies L.L.C. boosted its holdings in Ramaco Resources by 0.8% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 232,755 shares of the energy company’s stock worth $2,251,000 after buying an additional 1,748 shares during the period. New York State Common Retirement Fund boosted its holdings in Ramaco Resources by 12.5% in the 4th quarter. New York State Common Retirement Fund now owns 17,988 shares of the energy company’s stock valued at $185,000 after purchasing an additional 2,000 shares during the period. Pingora Partners LLC increased its holdings in shares of Ramaco Resources by 330.2% in the third quarter. Pingora Partners LLC now owns 3,700 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,840 shares during the period. Principal Financial Group Inc. raised its position in shares of Ramaco Resources by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,017 shares of the energy company’s stock worth $390,000 after buying an additional 3,754 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Ramaco Resources during the third quarter valued at $45,000. Institutional investors own 74.49% of the company’s stock.

Ramaco Resources Announces Dividend

The company 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 is currently 84.62%.

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.