A new trading data show Ramaco Resources Inc. (METC) is showing positive returns.

Ramaco Resources Inc. (NASDAQ: METC) stock jumped 0.81% on Wednesday to $11.21 against a previous-day closing price of $11.12. With 0.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.59 million shares. During the session, the Coking Coal company that operates in wider Basic Materials sector, reached to the highest price of $11.38 whereas the lowest price it dropped to was $10.97. The 52-week range on METC shows that it touched its highest point at $21.73 and its lowest point at $8.43 during that stretch. It currently has a 1-year price target of $14.75. With its current market cap of 503.55 million, METC has annualized dividend of $0.45 while the current yield stands at 4.04%. Beta for the stock currently stands at 1.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of METC was up-trending over the past week, with a rise of 2.56%, but this was down by -0.36% over a month. Three-month performance dropped to -2.27% while six-month performance fell -24.71%. The stock lost -6.11% in the past year, while it has lost -17.57% so far this year. A look at the trailing 12-month EPS for METC yields 2.68 with Next year EPS estimates of 3.58. For the next quarter, that number is 1.07. This implies an EPS growth rate of 877.30% for this year and 7.18% for next year. EPS is expected to grow by 4.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 46.20%.

Float and Shares Shorts:

At present, 44.09 million METC shares are outstanding with a float of 24.23 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.57 million, which was 3.56% higher than short shares on Sep 14, 2022. In addition to Mr. Randall W. Atkins as the firm’s Founder, Chairman & CEO, Mr. Jeremy Ryan Sussman serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 67.87% of METC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.01% of METC, in contrast to 17.90% held by mutual funds. Shares owned by individuals account for 11.21%. As the largest shareholder in METC with 3.25% of the stake, BlackRock Fund Advisors holds 1,432,746 shares worth 1,432,746. A second-largest stockholder of METC, The Vanguard Group, Inc., holds 1,359,683 shares, controlling over 3.08% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in METC, holding 752,745 shares or 1.71% stake. With a 1.48% stake in METC, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 651,180 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.22% of METC stock, is the second-largest Mutual Fund holder. It holds 539,113 shares valued at 6.09 million. Vanguard Extended Market Index Fu holds 0.74% of the stake in METC, owning 325,438 shares worth 3.67 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for METC since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With METC analysts setting a high price target of $16.00 and a low target of $14.00, the average target price over the next 12 months is $14.75. Based on these targets, METC could surge 42.73% to reach the target high and rise by 24.89% to reach the target low. Reaching the average price target will result in a growth of 31.58% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. METC will report FY 2022 earnings on 03/22/2023. Analysts have provided yearly estimates in a range of $3.51 being high and $3.19 being low. For METC, this leads to a yearly average estimate of $3.34. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Ramaco Resources Inc. surprised analysts by -$0.54 when it reported $0.60 EPS against a consensus estimate of $1.14. The surprise factor in the prior quarter was -$0.75. Based on analyst estimates, the high estimate for the next quarter is $1.24 and the low estimate is $0.91. The average estimate for the next quarter is thus $1.07.


Dividends & Yield:

In terms of dividends, METC has a current ratio of $0.45, which is $0.45 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and METC currently yields $3.13. In the past year, METC’s dividend yield has been $3.13. Accordingly, METC has a current buyback yield of $0.05. This was $0.05 for the TTM.

Summary of Insider Activity:

Insiders traded METC stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 33,956 shares were bought while 5,000 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 141,777 while 11,062,774 shares were sold.

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