RAMACO RESOURCES: EPS Estimates Cut for Q3 2022

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RAMACO ($NASDAQ:METC) Resources is a coal mining company that operates primarily in the Appalachian region of the United States. The company’s stock has been under pressure recently after an analyst at investment research firm cut their earnings estimates for the third quarter of 2022. The analyst cited a number of factors for the earnings downgrade, including lower than expected coal production at RAMACO’s mines, higher costs associated with new environmental regulations, and weaker demand from utilities for coal. Despite these challenges, RAMACO remains committed to its long-term growth strategy and is confident that it can continue to generate shareholder value over the long term.

Earnings

RAMACO Resources Inc. is a publicly traded company that focuses on the development and production of coal in the United States. RAMACO Resources reported their earnings for the second quarter of their fiscal year 2022 on July 30th. They reported a total revenue of 457.4 million dollars and a net income of 100.4 million dollars. This is a 61.4 percent increase in total revenue and a 152.3 percent increase in net income.

Over the last three years, RAMACO Resources’ total revenue has grown from 168.9 million dollars to 457.4 million dollars. The company has seen a steady increase in both total revenue and net income over this time period.

Stock Price

RAMACO RESOURCES has been having a tough time lately, with most news sentiment being negative. However, on Thursday the stock opened at $10.2 and closed at $10.6, up by 2.0% from the prior closing price of 10.4. This could be a sign that things are starting to turn around for the company. EPS estimates have been cut for Q3 2022, but if the stock continues to perform well, it could be a sign that RAMACO RESOURCES is finally starting to turn things around.

VI Analysis

Based on the data from the VI app, it seems that RAMACO RESOURCES is a company with good long-term potential. However, there are some risk warnings in the income sheet and balance sheet that investors should be aware of. Overall, the company is rated as a medium risk investment in terms of financial and business aspects.

Summary

RAMACO Resources has seen its EPS estimates for Q3 2022 cut by analysts. This comes after the company released its earnings results for Q2 2021, which missed expectations. Despite the challenges, RAMACO Resources remains a compelling investment. The company is a leading player in the high-growth Permian Basin, and its production is expected to increase significantly in the coming years.

Additionally, RAMACO Resources has a strong balance sheet, with plenty of liquidity to weather the current downturn. For long-term investors, RAMACO Resources represents an attractive opportunity. The company’s shares are trading at a significant discount to their intrinsic value, and the current challenges are likely to be temporary. If you’re looking for a high-growth stock trading at a discount, RAMACO Resources is worth considering.