Media stories about Ramaco Resources (NASDAQ:METC) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ramaco Resources earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news coverage about the energy company an impact score of 47.0397765300768 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ramaco Resources from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Thursday, May 17th. ValuEngine upgraded shares of Ramaco Resources from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. B. Riley started coverage on shares of Ramaco Resources in a report on Friday, June 1st. They issued a “buy” rating and a $10.00 price target on the stock. Credit Suisse Group lifted their price target on shares of Ramaco Resources from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, March 27th. Finally, BMO Capital Markets set a $9.00 target price on shares of Ramaco Resources and gave the company a “buy” rating in a research note on Monday, March 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Ramaco Resources currently has a consensus rating of “Buy” and a consensus target price of $9.25.
Ramaco Resources traded down $0.06, hitting $8.20, during midday trading on Tuesday, MarketBeat reports. 1 shares of the stock were exchanged, compared to its average volume of 69,679. The company has a market capitalization of $334.69 million, a price-to-earnings ratio of -20.15 and a beta of 1.27. Ramaco Resources has a 1 year low of $3.81 and a 1 year high of $9.35.
Ramaco Resources (NASDAQ:METC) last announced its quarterly earnings data on Wednesday, May 16th. The energy company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.16). The company had revenue of $55.94 million for the quarter. Ramaco Resources had a negative return on equity of 6.01% and a negative net margin of 6.69%. sell-side analysts predict that Ramaco Resources will post 0.96 earnings per share for the current year.
Ramaco Resources Company Profile
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.
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