October 20, 2018 - Ramaco Resources Inc (NASDAQ:METC) – Investment analysts at Seaport Global Securities increased their FY2019 EPS estimates for Ramaco Resources in a research note issued to investors on Monday, October 15th. Seaport Global Securities analyst M. Levin now expects that the energy company will post earnings per share of $2.26 for the year, up from their previous estimate of $1.21.

Ramaco Resources last issued its earnings results on Monday, August 6th. The energy company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.09. The company had revenue of $65.28 million during the quarter, compared to the consensus estimate of $62.37 million. Ramaco Resources had a net margin of 4.15% and a return on equity of 5.55%.

Other research analysts also recently issued research reports about the stock. B. Riley upped their target price on shares of Ramaco Resources from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Friday, September 14th. TheStreet raised shares of Ramaco Resources from a “d+” rating to a “c-” rating in a report on Friday, August 31st. ValuEngine downgraded shares of Ramaco Resources from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Zacks Investment Research downgraded shares of Ramaco Resources from a “buy” rating to a “hold” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Ramaco Resources currently has an average rating of “Buy” and an average price target of $9.63.

Shares of Ramaco Resources stock opened at $8.28 on Wednesday. The firm has a market capitalization of $299.02 million, a P/E ratio of -20.12 and a beta of 1.63. Ramaco Resources has a fifty-two week low of $3.81 and a fifty-two week high of $9.35.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Ramaco Resources by 4.7% during the 1st quarter. BlackRock Inc. now owns 313,669 shares of the energy company’s stock valued at $2,256,000 after purchasing an additional 14,045 shares during the last quarter. GeoSphere Capital Management LLC bought a new position in shares of Ramaco Resources during the 2nd quarter valued at about $109,000. Northern Trust Corp boosted its holdings in shares of Ramaco Resources by 26.7% during the 2nd quarter. Northern Trust Corp now owns 79,943 shares of the energy company’s stock valued at $557,000 after purchasing an additional 16,822 shares during the last quarter. Foundry Partners LLC boosted its holdings in shares of Ramaco Resources by 5.3% during the 3rd quarter. Foundry Partners LLC now owns 386,016 shares of the energy company’s stock valued at $2,880,000 after purchasing an additional 19,341 shares during the last quarter. Finally, Unigestion Holding SA bought a new position in shares of Ramaco Resources during the 2nd quarter valued at about $870,000. 84.41% of the stock is owned by institutional investors.

Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 18,728 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.